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This is where a lot of the movement is. Nearly 4. 93 on the two year yield. Stunning moves of 18 basis points higher than where we were a day ago. The 10 year yield now back above 4. 50. The dollar rising in conjunction. Gold taking a bit of a breather, it has risen 13 on the year so far. Movers on the equity side, one stop feeling pain from the Inflation Report is deckers outdoor. It is among the worst performers in the s p 500 and is affected by downgrade. The stock down more than 7 on the day. Delta reported a strong secondquarter outlook. The stock fighting to remain higher amid the selloff. The ceo says there is no let up in demand going into the summer. Delta flat now on the day. Boeings supplier taps the new ceo. The new ceo oversaw a number of quality problems and margin issues. David kelly says todays data takes the june rate cut off the table. The sound you heard was the door slamming on june rate cut. Its more inflation than the fed wants. They still want to normalize rates

Lot movementBasis pointsInflation reportRate cutMichael mckeeWall streetLarry summersDavid westinBring headHead economic researchEconomic researchResearch fixed incomeRate hikeImpact housingFinancial timesYear ago