U.S. 2-year Treasury yields surged 21 basis points to 4.77% on Tuesday, marking the largest single-day increase since Trump's tariff measures roiled global markets. The sharp sell-off in the debt market was driven by higher-than-expected inflation data and hawkish remarks from Federal Reserve officials suggesting a potential shift toward stronger tightening measures, reversing gains made earlier when tech stock declines and falling oil prices had pushed yields lower.

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