Treasury Yields Jump on Stronger-Than-Expected GDP Data

Core Viewpoint - The third-quarter GDP growth significantly exceeded expectations, leading to a spike in bond yields and a dip in stock futures [1] Economic Growth - Inflation-adjusted GDP grew at an annualized rate of 4.3% from July through September, surpassing the consensus estimate of 3% among economists [1] Bond Market Reaction - The yield on the 2-year Treasury note increased to 3.54% [1] - The yield on the 10-year Treasury note rose to 4.19% [1]