The statement is well-supported by the provided evidence. Multiple credible sources, including Russell Investments, J.P. Morgan, and RMA, explicitly confirm that U.S. bond yields are rising. These sources directly attribute the rise to investor sentiment regarding the interest rate outlook, citing reasons such as 'expectations for fewer interest rate cuts,' 'policy uncertainty,' and 'fears of continued inflationary pressures,' which all align with the concept of 'caution on rate outlook'.