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A 10-year U.S. Treasury yield of 4.85% is not signaling major warning signs for the broader macro environment, according to Sonali Basak. Basak noted that while there has been a safe haven bid in the bond market, the trade appears to be reaching its ceiling and the current yield is consistent with continued solid growth.
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Basak previously reported that all 11 S&P 500 sectors are set to post positive EPS growth, the widest breadth since the pandemic period, in recent sector coverage. She also shared updates from the inaugural iCapital Network Research Exchange, where debate and market analysis featured throughout the week. These reports provide additional context to her latest assessment of Treasury yields.