Rising Treasury Yields Linked to Fed Repricing, Not Inflation Fears -- Market Talk

Dow Jones02:23

1423 ET - The rise in yields since late April reflects market adjusting to stronger U.S. macroeconomic data, Deutsche Bank strategists write. They note that 10-year yields have moved in sync with data-surprise indexes, indicating markets are reacting to robust U.S. data. Deutsche Bank sees the latest backup in yields as a reflection of "macroeconomic repricing rather than investor selling flows." Deutsche Bank adds that most of the uptick has happened during New York morning hours. In contrast, a bond selloff in March occurred mainly overnight, suggesting selling pressure from Asian investors. The 10-year yield is at 4.56% and the two-year at 4.13%. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

May 22, 2026 14:23 ET (18:23 GMT)

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