The big worry in the market right now is about rising yields, according to traders. The 10-year Treasury yield touched 1.80 percent Wednesday morning, sparking concern about rising borrowing costs gumming up the economy and hitting the dividend yield trade.
This concern seems a bit silly when you're talking about levels that are so relatively low. Plus, we found rising rates have been a good thing during this bull market. Using Kensho, CNBC PRO found there were 26 occasions when the 10-year added 20 basis points in a one-month period and the S&P 500 actually did well. (A move like that from here would put the yield at the 2 percent target of many traders.)