"Hard to say at this juncture†what is pushing yields higher, wrote Piper Sandler's Benson Durham. It could be the perception of "one more and done," perhaps, he added. He was referring to the perception that the Fed has followed through with its cut and now it's done cutting rates. Higher interest rates can sometimes push yields higher. The 10-year yield, which is the basis for credit card rates, mortgage rates, and other forms of longer-term borrowing, for a brief period traded above 4.19%, the level at wh ...