Rise of the Producer prices but not of the treasury yields

I suppose the rise of the PPI as well as the speech of Fed Mester shall mean more FED hikes and therefore result in fall of the stocks market, as well as the speech

But the stocks market is not falling down. Maybe one of the reasons why the stock market is not falling is because the 2year yield has not risen today on this news? If that is the case, than why does the 2 year yield dos not rise on this bad news today?