10-year Treasury yield races back to 5% as inflation data, Waller comments drive rate hike expectations
Summary
The 10-year Treasury yield has climbed back to 5 percent following a stronger consumer price index report. This recent inflation data and commentary from Waller have increased market expectations regarding potential interest rate hikes.
Treasury yields moved higher after a hotter-than-expected CPI report.
Source: Read the full story at US Top News and Analysis
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