With a steady increase in Treasury yields due to sticky inflation data, the broader U.S. equity market witnessed a downward trajectory over the past few trading days. The benchmark 10-year Treasury yields climbed to their highest levels since November 2023 and hovered in the vicinity of 4.4%, dragging the equity markets down. Investors began to fret about its probable impact on the Federal Reserve’s next policy meeting in May, with the odds of a rate cut declining significantly.The Core Personal Consumption ...