Wall Street has spent weeks trying to make peace with the great bond selloff. Friday offered some short-lived relief — along with a warning about the damage from stubbornly high yields across investment strategies of all stripes.

🇺🇲Join us Saturday for “The People’s Fourth,” a free July 4th celebration, with live music from Melody Angel, Mucca Pazza and DJ Hot Rod, self-guided tours, food and merch stations, and family activities including face painting and bubble blowing. This event kicks off our “You Are America” summer series. To mark the 250th anniversary of America’s declaration of its independence, the Obama Presidential Center will host “You Are America” events, honoring the inclusive spirit of America and welcoming neighbors from across Chicago and the world. They will feature notable speakers, compelling artistic activations and performances, immersive workshops, and tours, all commemorating the nation’s progress, and amplifying ideas shaping a more inclusive and hopeful future. Register and learn more: “America is not the same country it was 250 years ago—but there are threads that tie us back to the very beginning of it all,” said President Obama in 2024. “Our history plays a big role in shaping the kind of future we hope to create.” This celebratory series honoring the 250th Anniversary of America is made possible through the generous support of GCM Grosvenor.