[Morgan Stanley Strategist: Bond Yields Are Far From Levels That Would Impact the Stock Market] According to a report by Golden Finance, Marina Zavolock of Morgan Stanley stated that the rise in bond yields is 'far from reaching a worrying level' for the stock market. Even if U.S. Treasury bonds face another round of sell-offs, the stock market is still expected to remain resilient. Zavolock remarked, 'I understand that from a market sentiment perspective, there is some panic when the U.S. 10-year Treasury yield hits 5%. But have we reached a level that signals an economic recession? I suggest paying attention to the credit spreads of European high-yield bonds, which are narrowing.'