Rising US Bond Yields Bring Back Wall Street’s Sinking Feeling

Rising US Bond Yields Bring Back Wall Street’s Sinking Feeling
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, on Oct. 3, 2018. Reuters/Brendan McDermid
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NEW YORK—For stock investors, the recent spike in bond yields may be prompting some uncomfortable deja vu.

Back in late January and early February, there was a 10 percent correction in the S&P 500, with stock investors spooked as Treasury yield increases intensified with a monthly payrolls report showing the biggest wage gains for workers since 2009.