The rise in U.S. 10-year Treasury yields has aggravated the market’s concerns about inflation
. Although Powell and Fed officials have recently come out to cool down, the market does not seem to buy it. The trend and the Fed’s low interest rate promises have become out of sync. .At present, it has reached the psychological position of 1.5. If the Federal Reserve
does not take action to intervene next month, it will trigger a more violent sell-off in the bond market and aggravate the turbulence of the stock market.