BREAKING: The 10-year note yield is now trading at its highest level since November 2023, at 4.39%. Stickier than expected inflation data and rising oil prices have added to inflation worries over the last month.
The 10-year note yield is now just 11 basis points away from crossing 4.50%. Meanwhile, less than 3 interest rate cuts are now expected in 2024.
The come-ack of higher for longer"?