10-year Treasury yield returns to 5% as inflation data and Waller comments lift rate-hike expectations

U.S. Treasury yields jumped Tuesday after October CPI rose 0.4%, above the 0.3% economists expected and down from 0.6% in September; core CPI gained 0.3% versus an expected 0.2%. The 10-year yield climbed more than 14 basis points to 5.004%, the 2-year added over 20 basis points to 4.755%, and the 3

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10-year Treasury yield returns to 5% as inflation data and Waller comments lift rate-hike expectations