The Bond Market Sounds an Alarm. The Stock Market Will Make a Big Move if History Repeats.

Key Points Treasury bond yields have increased substantially due to concerns about inflation, the national debt, and growing corporate bond supply. The 10-year Treasury bond yielded more than 5% when the market closed on Sept. 18, marking the highest payout in nearly two decades. Last time the 10-year Treasury yield was over 5%, the S&P 500 and Nasdaq Composite dropped more than 20% in the next year. 10 stocks we like better than S&P 500 Index › The U.S. stock market is having another good year. The S&P 500 (SNPINDEX:^GSPC) has advanced 13% and the Nasdaq Composite (NASDAQINDEX:^IXIC) has added 16% amid strong corporate earnings growth, especially in the technology sector.