Steve Blitz, chief U.S. economist at TS Lombard, told CNBC Wednesday: "Rising yields, if they are accompanied by an accelerating economy, an accelerating income and stronger employment, they are not necessarily going to cut off mortgages and cut off growth." In his eyes, as long as the economy keeps growing, companies will have money to pay their employees and invest. Thus, the stock market shouldn't necessarily worry too much with how yields are moving.
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