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Art Cashin Video: Rates 'dangerously close' to 'tripwire'

Thursday, 1 Aug 2013 | 3:53 PM ET
Art Cashin's watching 10-year Note 'tripwire'
Thursday, 1 Aug 2013 | 11:40 AM ET
CNBC's Bob Pisani and Art Cashin, of UBS, discuss what's driving today's rally and why investors need to keep an eye on interest rates

Art Cashin said the 10-year U.S. note yield is getting "dangerously close" to the range of 2.7 percent to 2.8 percent, a level that's been a "tripwire in the past" for the stock market.

In his daily CNBC.com-only video clip with Bob Pisani, UBS's Cashin said so far the stock market is "shrugging it off" but warned that could be due to new money coming into the market as August begins.

"We'll have to give that a couple of days to see how it plays out."

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