The Fed will be concerned about inflation pressures building and will keep on hiking interest rates. Yields will have to continue to adjust to that.

There's a lot evidence pointing to stronger job data and the risks are definitely on the upside. Elevated commodity prices are a risk to inflation, particularly when the labor market is tightening.

If you are anticipating higher inflation and a rise in interest rates, it will slow down demand for resources.

Prices are rising, but not fast enough to prompt the central bank to raise interest rates. Inflation will pick up slowly toward the end of the year.

Fresh worries about rising inflation in the US and the extent to which the US Federal Reserve will raise interest rates are weighing down the market heavily.

I don't think an inflation target is in anyone's interest since the government will ultimately need to do what satisfies the general public.