The "break above 5" in U.S. Treasury yields tests the quality of corporate earnings, but JPMorgan remains unmoved: equities will still be the growth engine for portfolios.

Zhito Finance APP has learned that recently, long-dated U.S. Treasuries came under renewed selling pressure, with the 10-year U.S. Treasury yield breaking above 5%, the highest level since 2007. As an important anchor for the pricing of global risk assets, this change is redefining the relative attractiveness of stocks and bonds. However, JPMorgan strategist Grace Peters said that even though rising bond yields are raising the threshold for earnings growth, stocks are still expected to continue climbing.