[US Inflation Exceeds Expectations, 2-Year Treasury Yield Surges 19 Basis Points] US inflation data exceeded expectations, fueling expectations of a 50-basis-point rate hike by the Federal Reserve in December. Logan advocated for at least another 50-basis-point hike, while Bowman and Schmid released hawkish signals. (Source: Jinshi Data) The 2-year Treasury yield surged 19 basis points in a single day, accelerating the market's repricing of the tightening path. AI Interpretation: The unexpected rebound in inflation data completely shattered market illusions about a near-term rate cut. The collective hawkish signals from Federal Reserve officials clarified the necessity of maintaining a tight monetary policy. The sharp fluctuations in the 2-year Treasury yield reflect the market's deep panic about persistently high interest rates. This data directly boosted expectations of a rate hike, forcing investors to reassess asset pricing logic.