Average 1-Month S&P 500 Return vs. Change in 10-Year U.S. Treasury Yields

A rapid rise in U.S. Treasury yields typically leads to lower equity valuations, with the impact most acute for high-priced, growth-oriented companies.

Image: Goldman Sachs Global Investment Research

Average 1-Month S&P 500 Return vs. Change in 10-Year U.S. Treasury Yields