Stocks hover near record highs, 10-year Treasury yield breaks 1.50%, meme trading continues, no surprises from BOC, bitcoin bounces Posted 4 hours agoSharePrint US stocks continue to hover near record highs as investors pile back into Treasuries. The bond market is convinced inflation will be transitory and that the Fed won’t budge this year over its asset purchases. Tomorrow’s inflation data won’t change the Fed’s mind over inflation, but a hot reading could help put a tentative floor on Treasury yields. The 10-year Treasury yield is 4.4 basis points lower at 1.489%, extending declines after investors showed robust demand for the 10-year Treasury auction. If purchasing Treasuries remains the theme of Wall Street, the 10-year yield does not have much support until 1.40%.