"Rising Treasury Yields Drive Dollar Strength and Economic Optimism"

U.S. Treasury yields rose as investors evaluated the state of the economy and anticipated upcoming data releases and the Federal Reserve's meeting next week. The 10-year Treasury yield increased by 11 basis points to 3.856%, while the 2-year Treasury yield rose by over 8 basis points to 4.839%. Investors are closely monitoring economic indicators, such as existing home sales and weekly initial jobless claims, which could influence the Fed's decision on monetary policy. While an interest rate hike is expected, uncertainty remains for the rest of the year. The recent lower-than-expected consumer inflation reading suggests easing price pressures, but it still exceeds the central bank's target range of 2%.