(https://www.marketwatch.com/story/bond-yields-are-in-the-danger-zone-heres-why-thats-not-hurting-the-market-yet-a87a5b5c?mod=mw_rss_topstories), but the market's treating it like a temporary inconvenience. The 10Y is at 4.57% and the 10Y-2Y spread is still at 53bp—normal on the surface, but the trajectory matters more than the level.