datoid

The 10-Year Treasury yield jumped to 4.59% on May 15, marking a 3.0 standard deviation move above its recent 4.24% average. This represents the highest level in the recent data series, climbing steadily from 4.26% in mid-April. This spike coincides with record-high CPI (332.41, up 1.8% over 3 months) and record GDP growth (1.4% quarterly). The bond market appears to be pricing in persistent inflation pressures despite stable 4.3% unemployment. The magnitude of this move suggests markets may be reassessing inflation expectations or Fed policy outlook.