The 10-Year Yield Is Falling but It Won't Drop to 2.5%, Says Marc Chaikin

After breaching 3% multiple times the year, the 10-year Treasury yield is back below 3%.
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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."

Chaikin likes JPMorgan Chase (JPM) - Get Report and SunTrust (STI) - Get Report .

JPMorgan Chase, and Goldman Sachs (GS) - Get Report and Citigroup (C) - Get Report are holdings of Jim Cramer's charitable trust Action Alerts PLUS.

To watch a replay of the one-hour Cramer-Chaikin webinar, click here.