[The decline in U.S. bonds is expected to continue, and interest rate hike bets are heating up or pushing the 10-year yield to exceed 5%] On November 11, derivatives trading showed that the decline in U.S. Treasury bonds may continue. The previously released inflation data was higher than expected, further strengthening the market’s expectations that the Federal Reserve will take more aggressive action to raise interest rates. The U.S. Treasury bond market will be closed on Wednesday due to Veterans Day. The 10-year U.S. Treasury futures contract shows that after the spot market reopens, the yield may rise above 5%. On Tuesday, the benchmark 10-year U.S. Treasury yield rose 11 basis points to 4.99%; higher-than-expected inflation data and comments from Federal Reserve officials heightened market concerns that inflation is becoming entrenched.