Key trading data: The 10-year U.S. Treasury yield surged by 10 basis points to 5.31%, with the 2-year Treasury yield rising in tandem.

BlockBeats news, October 14th, according to BIT(bit.com) market data, the U.S. 10-year Treasury yield rose 10 basis points intraday to 5.31%. The U.S. 2-year Treasury yield recently rose 12.72 basis points to 4.92%.

The sharp rise in U.S. Treasury yields means the market expects the Federal Reserve to keep interest rates high for longer, or that inflationary pressures have not fully subsided, causing bond prices to fall. This will push up mortgage, corporate loan, and government debt issuance costs, while also putting pressure on the stock market, especially growth stocks, and the dollar may strengthen as a result.