The 10-year US Treasury yield (10Y futures) jumped 9 basis points on Wednesday to 3.945%, the highest level since just before the mini-bank panic in March. In essence, this confirms the Fed's announcement in the minutes of the June FOMC meeting today that "nearly all" Fed members expect further rate hikes this year, despite last month's pause. The 10-year US Treasury yield has risen sharply, breaking the resistance of the trend line as a result of a significant technical break of the multi-month downtrend.  Meanwhile, the tech sector suffered slightly in line with historical...