Bond yields surged on Tuesday as investors closely watched the upcoming testimony from Federal Reserve Chair Jerome Powell. This testimony holds significant importance as it could influence the markets and provide insight into future monetary policy. Investors are anticipating Powell’s remarks on inflation, interest rates, and the overall economic outlook. Higher bond yields often indicate expectations of rising interest rates, which can discourage borrowing and investment. With inflation concerns already at the forefront, the outcome of this testimony is likely to impact market movements significantly. As we approach Powell’s speech, market participants remain vigilant and poised for potential volatility depending on the tone of his comments.