On February 21, the Federal Reserve's records show that its officials predict the economy growth will accelerate and inflation will get intensified. The officials believe the "upside risk" of economic growth has increased due to tax cuts, increased consumer spending and confidence. It is plausible that the strengthening of the economy will make it more likely that the Federal Reserve’s interest rate trajectory will gradually increase. The yield on the benchmark 10-year Treasury note hit a four-year high of 2.95%, before trading at 2.943%.