From Nasdaq.:

Treasury yields have increased 20bps in the last week, with 10-year Treasury yields back to 4.1% and mortgage rates above 7%. The economy has been surprisingly strong, with the Citi Economic Surprise Index showing a positive turn. Market expectations for a March rate cut have fallen from 90% to 20%, and longer-term bond yields have increased as well. The strong data means we’re getting back to “higher for longer” bond yields. Inflation data next week will help determine if the trend continues.



Read more: Strong Economy Increasing Bond Yields