BofA: Bond-yield threat goes beyond U.S. stock selloff

BofA Global Research strategists said Sept. 30 the real danger from rising bond yields is not a U.S. equity selloff, MarketWatch reported. The 30-year Treasury yield — the annual return for lending to Washington for 30 years — touched 5.48% Sept. 24, per Reuters. Sustained high yields can raise borrowing costs and strain funding, even if stocks hold up.