Market Snapshot: Investors weigh whether to ditch stocks for bonds as yields finally offer an alternative

Farewell, TINA?

TINA is the acronym for “there is no alternative,” a market mantra that reflected the frustration of investors who saw no alternative to stocks in a post-financial crisis world dominated by ultralow government bond yields as the Federal Reserve and other global central banks embarked on asset-buying programs and other forms of extraordinary stimulus.

A selloff in Treasurys has seen longer-dated yields rise quickly in recent weeks, playing catch-up with a long-running rise in shorter-dated yields. Yields and debt prices move in opposite directions.

Indeed, the rise in the 10-year Treasury yield TMUBMUSD10Y, +0.42% to a more-than-seven-year high above 3.26% on Oct.

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