U.S. Treasury yields edged higher as investors digested economic data and adjusted expectations around interest rates. The 10-year Treasury yield hovered near recent highs, reflecting confidence that the U.S. economy remains resilient, while also reinforcing the reality that borrowing costs are not coming down quickly. Rising yields tend to pressure risk assets, as higher returns from bonds make stocks slightly less attractive by comparison.

Still, the move higher was gradual, not disruptive, suggesting markets are growing comfortable with a “higher for longer” environment. Investors appear to be recalibrating rather than retreating, waiting for clearer signals on inflation trends, future rate cuts, and economic growth. Bonds are acting less like a warning sign and more like a reminder that patience, not urgency, is the market’s current mood.