Bond market sell-off is 'not a crisis, but an eye-opener': Rick Rieder | Sozzi Unleashed

The 10-year Treasury yield rose above 5% for the first time since 2007, a threshold Rick Rieder characterizes as an eye-opener rather than a crisis. In response to elevated rates, Rieder is shortening duration, reducing mortgage exposure, and holding a smaller equity allocation, signaling a more defensive portfolio stance.