What are U.S. Treasuries and the Dollar Saying About Inflation?

The yield on the 10-Year Treasury has doubled since August with a big spike the first week of 2021. Higher inflation expectations is the main reason for the rise in bond yields. In addition, the US Dollar has been in an uptrend since 2011 which has been broken over the past few weeks. A declining U.S. Dollar adds to inflation because the goods we import become more expensive.