Recent hotter-than-expected October CPI data, with headline inflation rising 0.4% month-over-month and core at 0.3%, combined with Fed Governor Christopher Waller's comments favoring a potential 50 basis point December rate hike, have driven sharp increases in Treasury yields. The 30-year yield reached 5.35% on November 10, up from around 4.71% a year earlier and near the 5.63% October high. Persistent inflation pressures, elevated fiscal deficits, AI-related investment demand, and geopolitical factors continue to influence long-end pricing, with the Fed funds rate at 3.75-4.00% following the September hike. Traders are monitoring upcoming CPI releases, the December FOMC meeting, and labor market data for shifts in the policy path and term premium.