datoid

The 10-year Treasury hit 4.29%, jumping 2.2 standard deviations above its 60-day average of 4.15%. This looks like a classic inflation panic - but hold on. Unemployment sits at a record low 4.30% with GDP growing 1.4%. Yet CPI only rose 1.8% over 3 months - hardly runaway inflation. The yield spike might reflect positioning ahead of fiscal policy changes rather than genuine inflation fears. What's missing: are foreign buyers pulling back? Is this technical selling rather than fundamental concern? The modest CPI gain suggests bond vigilantes may be premature.