0522 GMT - Higher U.S. Treasury yields reflect an economy that has remained resilient, inflation that is still above target, and a fiscal backdrop that requires substantial Treasury issuance, says BondBloxx Investment Management's JoAnne Bianco in a note. "If growth moderates and inflation were to ease, yields could move lower," the senior investment strategist says. That said, investors should probably expect a higher rate environment than what prevailed during the decade following the Global Financial Crisis, she says.