The yield on US Treasury bonds climbed on Friday, hitting 5.230% during the 10-year trading session, reaching a new high since June 2007; The 30-year period rose above 5.51%, and the 2-year period approached 4.90%. S&P Global's business survey on Wednesday showed that the manufacturing industry experienced the largest monthly improvement since 2022, while the service industry reached its strongest improvement since 2021; In the second quarter, actual consumer spending increased by 3.4% year-on-year, and the Atlanta Fed's GDP Now model predicts that it will approach 4% in the third quarter. Yardeni Research's Chief Strategist, Yardeni, stated that the main reason for the surge in yields is that the US economy is thriving; Cleveland Fed President Hammack stated that the market is pricing a rate hike and that federal fiscal policy is unsustainable.