datoid

The 10-Year Treasury jumped to 4.61%, a 3-sigma deviation above its recent 4.25% average. Markets are treating this as crisis territory, but let's pump the brakes. Yes, we're seeing record GDP growth (+1.4%) and rising CPI (+1.8%), but unemployment remains stable at 4.3%. This yield surge might simply reflect economic strength rather than impending doom. The real question: are we witnessing healthy growth pricing or the bond market pricing in risks that aren't showing up in the fundamentals yet? What's missing from this narrative of Treasury panic?