10-Year & 30-Year Treasury Yields Jump, Yield Curve Steepens, Mortgage Rates Jump too, as Inflation Fears Move to the Top

The Treasury market is caught between three dynamics: The haven trade, where worries about stocks and the geopolitical situation sent investors scurrying into safe assets; renewed fears of inflation, with oil prices taking off, on top of six months of already accelerating inflation; and fears of an onslaught of new supply as deficit spending...