The increasing odds of a Federal Reserve rate hike in April have led to a surge in interest rates, as the economy continues to grow and inflation remains above the central bank's 2% target, and oil prices have risen 50% in three weeks. According to CME FedWatch, the chances of the Fed tightening policy at its next meeting have risen to 12%, up from 0% one week ago. The long end of the bond curve has also sold off, with the 10-year U.S. Treasury note rising to 4.38% from under 4.09.