The yield on the 10-year Treasury bonds hit a seven-month high in Friday's session as the stock market fell, led by the 'magnificent seven' stocks. Is this a warning from the bond vigilantes and will the "Santa Rally" take a pause? Here's what analysts are saying.

What Happened:The 10-year Treasury yield hit 4.631% during Friday's session, which was its highest level since May 30, 2024. However, it is currently yielding 4.6% on Monday.

Talking about the spiking yields,Ed Yardeni, the president at Yardeni Research said, "Bond Vigilantes are sending a loud warning message. They aren't convincedDonald...