Confirmed! This is the largest increase in U.S. Treasury yields after the Federal Reserve's first rate cut in history!

U.S. Treasury yields saw the largest historical increase after the Federal Reserve's first rate cut, particularly with the 10-year bond yield breaking the 2024 high, approaching the 5% cycle peak from November 2023. The rise in yields is primarily driven by real yields and term premiums, rather than inflation. The performance of U.S. stocks may be influenced by Trump's policies, but the stability of interest rates remains a key variable