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Morgan Stanley's Mike Wilson is welcoming an S&P 500 correction as bond yields surge

The Morgan Stanley strategist's comments come as the 30-year Treasury yield hits a 22-year high and the 10-year reaches a 19-year record

Bloomberg / Getty Images

According to MarketWatch, Morgan Stanley $MS Chief U.S. Equity Strategist Mike Wilson argued that a pullback in the S&P 500 could be just what the market needs to set up a stronger finish to the year.

Mike Wilson's comments arrive against the backdrop of a dramatic bond market rout that has sent yields surging. The 30-year Treasury yield has reached its highest mark in 22 years,........

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