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Hmm... I'm not great at interpreting bond yield movements.
Let's see, if people expect inflation to go up, demand for long bonds should go down. Which should push the yields up. The increase in the 10y yield is consistent with that. Not sure how to interpret the 30 year yield.
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Same... my point tho is that there's obvs not a clear inflation expectation move. (Maybe will be, but they you can always argue some other cause.)
And if anything, moves are microscopic. Markets be like, BOOORRRRING!
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And bond market is definitely the boringest of them all.
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Not that 8 basis points is a big move but... Eeeh, no?
https://www.macrotrends.net/3019/5-year-breakeven-inflation-rate
Also: the 10y yield slightly up; 30y yield slightly down.