Why Treasury Yields Are Rising Despite Rate-Cut Expectations

As of Tuesday, the yield on the benchmark 10-year U.S. Treasury note was 4.233%, up from 3.860% at the end of last year. 

As a result, the average rate on a 30-year fixed mortgage has also ticked higher, as has the cost of borrowing in the corporate-bond market.

The climb has surprised many on Wall Street, who had expected yields to fall

Sam Goldfarb Wall Street Journal 26 March 2024

https://www.wsj.com/finance/investing/treasury-yields-rising-fed-interest-rate-expectations-4a157a85