After breaching 3% multiple times the year, the 10-year Treasury yield is back below 3%.
In an exclusive webinar with TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer, chartist Marc Chaikin doesn't think the 10-year yield is headed to 2.5% amid additional Federal Reserve rate hikes this year.
It's currently just over 2.8%.
"The question is, when does it breakout over 3%," Chaikin noted. "With a strong economy and interest rates moderate, yes it hurts the banks because the yield curve is flattening - but eventually that's going to change. And if it doesn't change, the bull market can go on for two or three more years without the financials."
To watch a replay of the one-hour Cramer-Chaikin webinar, click here.