Morgan Stanley Says Bond Selloff 'Nowhere Near Problematic'

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Morgan Stanley strategist Marina Zavolock says the global bond selloff and rising yields are not yet a serious threat to European stocks. She points to regional earnings growth of nearly 20% as a supportive factor.

Marina Zavolock, chief European equities strategist at Morgan Stanley, says the global bond selloff and resulting yield increases are not yet at troubling levels for European stocks, with earnings growth across the region running close to 20%. (Source: Bloomberg)