Treasury yields rise on robust GDP growth

Market Reactions - The bond market is reacting to recent data releases, with the two-year bonds showing more strength in holding upside compared to ten-year bonds [1] - The ten-year bond yield is approaching a resistance level of 419 to 420, which has been a significant point over the past two weeks [2] Economic Indicators - The dollar index experienced a notable increase following the data release, although it does not significantly change the overall economic outlook [3] - A close below 9814 in the dollar index would mark a two and a half month low, indicating potential weakness in the currency [3] Inflation and Interest Rates - There is a mixed picture regarding inflation, with one report indicating hot inflation while others suggest cooler inflation trends [4] - Historically, a strong economy tends to correlate with higher long-term interest rates, which is not necessarily negative [4] Consumer Confidence - Consumer confidence is perceived to be low, influenced by negative media portrayals and a lack of credit given to the current administration by the markets [5]