The Federal Reserve is cutting interest rates, yet the yield on U.S. bonds continues to rise, which could be a worrying trend

On February 6th, T.Rowe Price capital market strategist Tim Murray stated in a report that despite the Federal Reserve's interest rate cuts, the yield on U.S. Treasury bonds has been rising over recent months, which is a worrying trend. Although the yield on 10-year U.S. Treasury bonds has partially fallen from its recent peak, the overall trend is still upward. Equally concerning is that the stock market also feels the pain of high interest rates. Since mid-December last year, there has been an increasing correlation between US bond and stock markets.