According to the model of Jackson, head of global asset allocation research at Invesco, if the 12-month average 10-year US bond yield rises to 4.72% and continues to rise, the global stock market may turn down. Currently, the average is about 4.34%, which is still a long way from the model threshold; however, he has moderately reduced his stock holdings and switched to government bonds, and warned that if yields continue to rise, the risk that the stock market will be under pressure over the next 12 months cannot be ignored.

According to the model of Jackson, head of global asset allocation research at Invesco, if the 12-month average 10-year US bond yield rises to 4.72% and continues to rise, the global stock market may turn down. Currently, the average is about 4.34%, which is still a long way from the model threshold; however, he has moderately reduced his stock holdings and switched to government bonds, and warned that if yields continue to rise, the risk that the stock market will be under pressure over the next 12 months cannot be ignored.