I know a few days of trading don’t make a market, but the spike up in yield seemed a bit unusual:
If long term interest rates continue to use, it will have a dampening effect on the rest of the marketplace. Inflation expectations are also baked into this chart.
If somebody asked me to receive 3.55% over the next 10 years, versus dumping that money into selected equities, one would think that equities would outperform.