Watch this key level in the bond market for signs of an inflationary shock to stocks, BlackRock chief Larry Fink says

Business

Larry Fink is eyeing one number in the bond market: 5%. That's the key threshold for the 10-year US Treasury yield that could tell signal when a stock correction could be on the way, the BlackRock CEO said. Speaking to CNBC on the sidelines of the World Economic Forum on Thursday, Fink said he saw a potential scenario where inflation fears cause the 10-year yield to enter the 5% to 5.5% range. If it surpasses that threshold, it could spark a repricing for stocks, he added. "I have scenarios

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