Worries over the 10-year Treasury yield have gripped the stock market so far this year. 

On April 24, the yield hit 3% for the first time in four years, sending the S&P 500 down 1.3%. The stock market recovered in the following days.

As the 10-year Treasury yield rises, it makes stocks less attractive, according to Kristina Hooper, chief global market strategist at Invesco.

Hooper was a panelist on TheStreet's June Trading Strategies roundtable.

To watch the entire Trading Strategies roundtable click here.

More from Video

Your Need to Know - Forward Look

Your Need to Know - Forward Look

Jim Cramer's Candid Investing Advice: "How I Approach Any Stock"

Jim Cramer's Candid Investing Advice: "How I Approach Any Stock"

Tinley CEO on the Future of Marijuana-Infused Beverages

Tinley CEO on the Future of Marijuana-Infused Beverages

From 'The Golden Rule' to a Struggling Retailer: J.C.Penney Timeline

From 'The Golden Rule' to a Struggling Retailer: J.C.Penney Timeline

FANG and Cloud Kings: How They can Change Your Financial Future

FANG and Cloud Kings: How They can Change Your Financial Future