Steve Hou says the bond selloff looks less extreme than headlines suggest: the U.S. 10-year Treasury yield is still below its peak before Donald Trump’s second-

Steve Hou says the bond selloff looks less extreme than headlines suggest: the U.S. 10-year Treasury yield is still below its peak before Donald Trump’s second-term inauguration. GDP has held steady, with core CPI cooling while core PCE remains firmer.