10-year Treasury yield holds above 4%

Group 1 - The bond market is asserting its influence over interest rates, indicating a preference for higher rates despite the Federal Reserve's actions [1][2] - The current administration is focusing on stimulating the housing market, which is not responding positively, highlighting a disconnect between policy intentions and market realities [2] - Recent data shows that both 2-year and 10-year Treasury yields have increased, with a notable rise of 10 basis points this week [3] Group 2 - The dollar index has risen significantly, moving from close to 97 towards 100, reflecting the limitations of the Federal Reserve's ability to influence the market without resorting to quantitative easing [4] - The Federal Reserve's balance sheet has decreased from $9 trillion to $6.6 trillion, indicating progress but still remaining above pre-crisis levels [5]