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What if Jamie Dimon Is Right and 10-Year Treasury Yields Hit 5%?

Stephen Guilfoyle

said recently that the U.S. 10-year Treasury yield "should be 4% today, [and] you better be prepared to deal with rates of 5% or higher -- it's a higher probability than most people think." Is America's most famous banker right ... and if so, how should smart investors play this? After all, no one will clamor for a stock with a 3.6% dividend when the U.S. Treasury will pay you 5% for your money. JPMorgan currently trades at less than 12 times forward earnings.