Treasury Yields Surge Past 5.34% as SI Giants Mask the Pain, Cramer Says
The 10-year Treasury yield broke past 5.34% on October 5, with the 30-year near 5.7%, even as stocks hit records. CNBC's Jim Cramer said Nvidia, Microsoft and Meta — nearly 17% of the S&P 500 combined — are masking the pain of surging yields, creating a rare stock-bond disconnect.
Rate pressure is already visible beneath the surface in weak defensive and utility stocks, Cramer said. Until it eases, the bond market may be the better guide to Wall Street's next move.
Published by GSM · USA (original Chinese edition)
Photo: 图：纽约证券交易所交易大厅内的交易员（资料图）
