Treasury Yields Rise as Data Keep Fed Bets in Play

Wall Street traders sent bonds lower and stocks wavered, with the latest economic reports doing little to alter bets the Federal Reserve will raise interest rates this year. Michael Purves, CEO and founder at Tallbacken Capital Advisors, discusses the 5% yield ceiling and the exceptional moment in US equities. The data suggests persistent inflation pressures, keeping rate hike expectations intact and influencing market positioning across fixed income and equity sectors.