Stocks hold firm as bond yields reach two-decade highs

Stocks have remained resilient despite a punishing bond selloff that pushed yields to roughly two-decade highs. The WSJ analysis compares the current environment to historical episodes (1994, 1999, 2006, 2016, 2022) showing mixed outcomes. Current resilience is supported by AI-driven growth and potential US-Iran oil deal, but Fed Chair Warsh is watching risk assets for signs of slowing.