As the U.S. 10-Year Treasury Notes Yield rises again, Bank of America strategists predict that traders might reassess strong economic data as negative signals, as this implies that the Federal Reserve will need to maintain high interest rates for a longer period. The team led by Ohsung Kwon stated in a report to clients on Tuesday that the panic over growth is fading, and inflation and interest rates are gradually attracting more attention. Since the sell-off in August, U.S. stocks have been rising along with bond yields, but as the 10-Year yield breaks above 4.5%, Bank of America believes 'the market is turning to a 'good news is bad news' mode.' The range of 4%-4.25% has consistently been the point where the correlation switches between positive and negative. Since the U.S. election, the S&P 500 Index has been more sensitive to macroeconomic news, with the index experiencing volatility of 1% or more on 6 out of the 12 trading days since the Federal Reserve's December meeting. Strategists indicated that the 74 basis points implied change from the nonfarm payroll report released on Friday presents 'an attractive Buy level.'