I noticed today that the yield on 2-year U.S. Treasury bonds has started to rise again. The yield reached 3.5662% intraday, the highest level since they traded at these levels in December.

It's interesting to watch how the yield curve moves. When 2-year bonds rise like this, it usually signals that the market is overestimating the interest rate outlook. The yield on U.S. government bonds is always a good barometer for understanding what the economy expects.

Such spikes in the yield of 2-year U.S. bonds can also impact other assets. It's worth watching whether this is just a technical rebound or the beginning of a more serious trend.