Bond Rates Climbing

As treasury bond yields near 5%,many are wondering if stocks will decline as a consequence.Investors could settle for the certainty of the bonds,rather than the bumpy ride of a stock.Ten year government bond rates are rising worldwide.The U.S. ten year is at a nine-and-a-half month high.Charlie Smith of Fort Pitt Global Group says corporate earnings are driving bonds up,but they will not be attractive below 5.75%.Smith Barney's John Manley thinks rates are probably finding their top now.If they do crest 5%,though,this will eventually harm the stock market.