Global inflation concerns impact Treasury yields and Tesla stock.

U.S. Treasury yields rose after a higher-than-expected inflation report in the U.K. raised concerns about global central banks tightening their policies. The 10-year Treasury yield increased by over 6 basis points to 3.63%, while the 2-year Treasury yield rose by 8 basis points to 4.28%. Traders increased their bets that the Federal Reserve will raise rates at least one more time when it meets on May 3rd, with an 85% chance of a quarter-point increase. Despite recession concerns, traders are betting that the Fed will continue to hike rates.