Per CNBC
10-year Treasury yield has increased to 4.23% due to a 10 basis points bump. This was the highest level recorded since 2008.
At one point, the 10-year Treasury yield hit 4.337%.
Wells Fargo's Michael Schumacher says that 4% is reasonable but says the "4.22% has become unanchored." The company's Head of Macro Strategy explained that nobody needs the "10-year to act like a meme stock. That is not healthy."
See full $WFC flow at unusualwhales.com/flow.