Valuation - S&P 500 Forward P/E Ratio vs. 10-Year U.S. Treasury Yield

The 10-year U.S. Treasury yield surpassing 4.5% is creating a headwind for equity valuations and potentially dampening investor sentiment.

Image: Morgan Stanley Wealth Management

S&P 500 Forward P/E Ratio vs. 10-Year U.S. Treasury Yield