Rising Bond Yields and Hawkish Fed Put Markets on Edge as Inflation Fears Resurge

Bond yield surge continues with 10-year Treasury nearing 5% and Fed officials signaling higher rates for longer to control inflation.

Strong economic data and corporate earnings season suggest economy remains robust, putting pressure on Fed to tighten policy further.

Markets look for guidance from Fed Chair Powell, but get mixed signals on trajectory of rate hikes.

Rise in long-term yields and flattening yield curve suggest markets betting on higher rates for extended period.

Middle East tensions back in focus with nervous weekend ahead, lifting oil, gold prices while stocks sink.