Fidelity Says 10-Year Treasury Yield Could Reach 6%

Fidelity's call matters less as a forecast than as a signal that parts of the buy side are positioning for a world where the risk-free rate competes directly with equities and crypto for capital. The bond-stock correlation point is the substantive one: if the traditional hedge no longer hedges, the case for yield-bearing and alternative assets rests on a different footing. Whether 6% is reached is unknowable; whether asset allocators begin pricing that regime is the open question.