A hotter inflation report could also weigh on the bond market. John Belton, a portfolio manager at Gabelli Funds, said he’s eyeing the 10-year U.S. Treasury, as it currently sits “not too far” from the psychologically important 5% level.

A hotter inflation report could also weigh on the bond market. John Belton, a portfolio manager at Gabelli Funds, said he’s eyeing the 10-year U.S. Treasury, as it currently sits “not too far” from the psychologically important 5% level.