Self explanatory chart/s: Shotend yields since 2023, do not show that inflation had retreated, the 10 YR yield has been stuck at 4.2% for over 12 months. The 10 Yr is now at 4.7% the highest in 14 months. Cannot entirely blame Donald Trump 2.0 for future inflation expectations, but possibly the politicization of the Federal Reserve. If Yields hit 4.8%, expect a rate hike, and the Fed losing credibility.