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Phil Rosen reports that the 10-year Treasury yield reached 5.13 percent, marking its highest point since just before the Great Financial Crisis.
According to Rosen, this is the highest level for the 10-year Treasury yield in 19 years.
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Phil Rosen has recently highlighted other notable market movements. He reported that the Russell 2000 gained nearly all of its 5-year rally in the past year. Rosen also noted that only 27 S&P 500 companies currently trade above 40x forward P/E, a level previously seen during past market downturns.