datoid

The 10-year Treasury hit 4.42% today, shooting 2.5 standard deviations above its 60-day average of 4.18%. This looks like a classic bond selloff amid inflation fears. But here's what's puzzling: unemployment sits at a record low 4.30%, CPI is up only 1.8% over 3 months, and GDP growth is modest at 1.4%. This economic backdrop typically doesn't justify such yield volatility. The real question: are bond markets pricing in risks not yet visible in traditional economic indicators? Or is this spike more about technical factors and positioning than fundamentals?