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S&P500 vs 10 year Treasury Yield

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FX:SPX500   S&P 500 index of US listed shares
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S&P500             vs 10 year Treasury Yield

If long term rates rise from current levels, in a smooth manner, stock market have historically done pretty well.
Over 6%, on the 10-year could mark the time for serious worrying.

Looking at the 2013             recurrence, the market initially sold off(when Fed telegraphed the tapering and/or sharp rise),
but was able to return an impressive 18% from end of May to end of year 2013             , as the 10 year yield rose from 1.6 to 3%.
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