U.S. Treasury yields have risen, with the 10-year hitting a multiyear high of 4.911% and the 2-year trading at levels last seen in 2006. The 5-year Treasury also reached its highest level since 2007. Economic data, including housing starts and retail sales figures, has raised concerns about the outlook for interest rates. While markets still expect rates to remain unchanged in November, the probability of a December rate increase has risen. Fed officials' comments and upcoming economic data will continue to influence market sentiment and policy expectations.
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