As 10-year Treasury yields press toward the psychologically charged 5% threshold, the stock market has responded not with the familiar panic of prior cycles, but with a measured calm that invites deeper inquiry. Historically, this level has drawn investors away from equities and toward the relative safety of government bonds, yet that rotation has not materialized in force. The stillness in markets may reflect a quiet conviction among investors that rising yields are a symptom of economic strength rather than a harbinger of collapse — a belief that, if correct, rewrites an old and well-worn sc