Options traders are increasingly betting that the 10-year Treasury yield will reach at least 5% within the next five weeks, a level not seen since 2023. This speculation has raised concerns about potential negative impacts on stock prices, particularly for the S&P 500. Analysts have noted that such a rise in bond yields could signal a dangerous trend for equities, as higher yields typically lead to lower bond prices. The heightened activity in options trading reflects a growing apprehension among traders regarding the bond market's trajectory.