Bond yields (^TYX, ^TNX, ^FVX) have been steadily climbing, but is it really that much of a shocker that the 10-year Treasury yield has risen back above 4.2%

Yahoo Finance senior markets reporter Josh Schafer contrasts the 10-year note's trajectory with that of the Citi US Economic Surprise Index, referenced by Ritholtz Wealth Management strategist Callie Cox.

Horizon Investments head of portfolio strategy Zachary Hill explained to Yahoo Finance earlier today why rising Treasury yields is actually a good thing for equity markets.

Catch Callie Cox's full interview on the latest episode of Stocks In Translation.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Luke Carberry Mogan.