datoid

The 10-year Treasury yield hit 4.39% on March 20th and 24th, jumping 2.5 standard deviations above its 60-day average of 4.18%. At first glance, this screams "bond selloff." But here's what the headline misses: unemployment is at record lows (4.30%) while GDP growth remains solid at 1.4% quarterly. This isn't panic selling - it's yields reflecting economic strength that the recent 4.18% average may have underpriced. The real question: are we seeing overdue price discovery, or has the market overshot fundamentals?