Global fund managers hold the highest equity proportion since late 2021. Rising bond yields are seen as a significant threat to stock markets. Stronger earnings expectations and economic outlooks support investor optimism. The US Treasury's debt buyback plan offered some temporary relief. Analysts watch the yield curve, finding current conditions favorable for stocks.

Fears of a debt issuance glut swept across the US bond market this week, driving the 30-year yield to a nearly two-decade high.

While Wall Street strategists are watching the rise in global yields with some concern, they remain bullish on equities. Find out more