2. Bond traders are betting that Fed rate hikes are not likely and bond prices will remain strong. They are betting against Trumps debt reduction measures.

(http://marketrealist.com/2017/05/why-bond-yields-were-unaffected-by-trump-news/)

3. Bond yields rise in anticipation of inflation. Risk aversion can cause bond yields to remain low during periods of inflation. Inflation is tolerate, if markets believe that growth is keeping pace with inflation. Gross Domestic Product is 2.1 percent according to fed projections. https://seekingalpha.com/article/4111983-bond-yields-saying-trump-inflation

4. Bond yields climb on work that Trump will initiate tax cuts. The dollar strengthen against other currencies on the news. Trump believes that the tax cuts for large and small businesses will create economic growth and increased tax revenue. http://www.businessinsider.com/r-stocks-bond-yields-dollar-up-after-trump-tax-plan-2017-9