10 -year Treasury yield tops 2.90% as inflation data stokes rate-hike concerns

After yesterday's news about the US inflation rate (still low, but higher than expected) coupled with the recent announcement of rising wages, the fears of inflation are affecting US markets. Inflation is an added source of risk, which erodes the value of fixed-income securities (bonds), driving down prices and raising yields.

Furthermore, expectations are stronger than before now of at least three more rate hikes by the US Fed for this year alone which can have a negative impact on the value of the equity market.

I would assume that these fears will create more turmoil/volatility, at least in the short-run, for US markets.

#USInflation