US CPI hotter than expected, Treasury yields jump 1.4% in session
US 10-year Treasury yield moved after US CPI rises more than expected in March.
Update: This story updates earlier coverage: US CPI rises more than expected, Treasury yields jump 1.4% in session
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Key Points
- US CPI rises more than expected in March.
- US 10-year Treasury yield was at 4.42 up 1.4% on the session.
The US Consumer Price Index (CPI) rose more than expected in March, pushing the US 10-year Treasury yield to 4.42% as of 16:36 UTC, up 1.4% for the session. The yield has climbed 1.1% in the past hour and 0.6% in the last five minutes.