Rising bond yields make the path for stocks shakier, but they won't derail the bull market, according to Wall Street analysts.

Data: FactSet, Axios analysis; Chart Axios/Matt Phillips The recent surge in bond yields is keeping the pressure on the premium investors earn for taking their chances with stocks rather than bonds. Why it matters: The skimpiness of the slab of extra returns the market typically offers stock market investors — which is known as the equity risk premium — raises the prospect that,

These companies built their portfolios to win whether rates rise or fall.

Income investors chasing high yields often lock in the slowest raises. Instead, businesses that start below the market yield but push the payout higher every year are ideal.

Inflation is running hot, and rates look more likely to rise than fall, but these high-yielders shouldn't skip a beat on the dividend front.