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Tuesday, 06/05/2007 5:26:06 PM

Tuesday, June 05, 2007 5:26:06 PM

Post# of 389773
Are we there yet?

http://finance.yahoo.com/q/bc?s=%5ETNX&t=3m

<Fear of higher rates hits stocks>
Interest rates did move higher today, with the 10-year Treasury note yielding 4.976%, up from 4.929% yesterday. Traders fear that a jump in the yield over 5% would be psychologically damaging to the stock market.

In fact, last summer's correction that saw the Dow fall more than 8% was set off when the 10-year note crossed the 5% level.
<end article>

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