Bond yields set the pace again this week. The 10-year U.S. Treasury yield (the interest rate the government pays to borrow for ten years) climbed to 5.34%, its highest level since 2002, and the Dollar Index (a gauge of the dollar against six major currencies) finished the week up about 0.8%. A bond selloff on Monday started the climb, and hawkish Fed talk may have kept it going. Two scheduled numbers were supposed to steer the week, and both surprised. Wednesday’s core PCE inflation report came in softer than expected at 0.2% against 0.3%, and Friday’s jobs report missed by a wide margin, with 29,000 new jobs against about 90,000 expected. Each one was followed by a dip in the dollar and a lift in gold for a few hours. Each one reversed within the same session as yields recovered. Gold lost about 3%, most of it on Monday. Stocks and Bitcoin ended close to flat, and oil fell about 3% after swinging between roughly $91 and $100 on Iran headlines. Australia’s central bank raised rates as expected, yet the Aussie dollar still fell after the governor sounded cautious.