Just noticed the bond market had quite a run - the ten-year yield hit a three-month high after climbing for six straight sessions. Jumped another 3.6 basis points to around 4.34%, which is getting some attention with the Fed meeting coming up midweek. The pressure on treasuries has been building as traders worry about what the central bank might signal about future rate decisions. Inflation data has been hotter than expected lately, so the odds of seeing a rate cut as early as June are looking slimmer. Interesting timing too - homebuilder confidence actually picked up in March according to the NAHB index, which jumped to 51 from 48 the month before. That was unexpected and suggests the housing market might be holding up better than some thought. The market's probably going to stay a bit cautious until we hear from the Fed, but that housing data could keep things interesting. These yield movements are worth watching if you're tracking the broader rate environment.

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