"10-year Treasury Yield Surges to 15-Year High, Inflation Concerns Mount"

The U.S. 10-year Treasury yield reached a fresh 15-year high, rising over 2 basis points to 4.647%, as the latest economic data showed continued strength in the labor market. The yield on the 2-year Treasury fell over 4 basis points to 5.096%. Investors are closely monitoring indicators of the economy and comments from Federal Reserve officials for insights into the path of interest rates. Concerns about inflation and the possibility of a recession have been renewed.