The US 10-year Treasury yield has rebounded back above the crucial 4% mark, reaching its highest level in nearly five weeks. This surge comes as the Federal Reserve reassesses its rate path in response to robust economic indicators, including a strong jobs report and healthy services sector performance. Market reactions suggest that investors are recalibrating their expectations for future rate cuts as the economy shows signs of resilience. The rise in yields has kept equity bulls in check, with concerns about a potential tightening of financial conditions amidst shifting monetary policy perspectives. Analysts note that an inverted yield curve and increased volatility in the market could reflect a complex economic landscape driven by strong non-farm payroll data and inflation signals.