Treasury yields continue to surge, with the 2-year Treasury note reaching 5.2%, its highest level in over 17 years. This follows robust retail sales figures and stronger than anticipated inflation. Despite market sentiment suggesting the Federal Reserve is unlikely to raise interest rates further, the resilience of the U.S. economy is fostering the possibility of a prolonged period of elevated interest rates. Economist Mohamed El-Erian voiced concerns about the evolving nature of U.S. Treasuries, suggesting they are losing their long-term strategic stability. The iShares 20+ Year Treasury Bond ETF (TLT) and the iShares 1-3 Year Treasury Bond ETF (SHY) have both seen significant declines.