---
title: "Morgan Stanley CIO Mike Wilson Says One Factor Could Pose Massive Risk to Stocks – And It’s Not the Iran Conflict"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286125689.md"
description: "Morgan Stanley CIO Mike Wilson warns that increased volatility in bond prices poses a significant risk to stocks, impacting market liquidity. He highlights that the current stock rally, which saw the S&P 500 reach an all-time high in April, is fueled by strong corporate earnings growth, despite ongoing geopolitical tensions. The yield on the 10-year Treasury bond is currently at 4.39%."
datetime: "2026-05-12T15:23:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286125689.md)
  - [en](https://longbridge.com/en/news/286125689.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286125689.md)
---

# Morgan Stanley CIO Mike Wilson Says One Factor Could Pose Massive Risk to Stocks – And It’s Not the Iran Conflict

Morgan Stanley’s chief investment officer (CIO) and chief US equity strategist, Mike Wilson, is warning of one factor that could have a bearish impact on stocks.

In a new CNBC interview, Wilson says his biggest worry for the stock market currently is increased volatility in bond prices.

Wilson says a rise in bond volatility worries him because it reduces market liquidity.

The yield on the 10-year Treasury bond is currently at 4.39%.

According to Wilson, the current rally in stocks, which saw the S&P 500 index hit an all-time high in April despite geopolitical turmoil, is driven by a strong growth in corporate earnings.

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