US CPI rises more than expected, Treasury yields jump 1.4% in session
US 10-year Treasury yield moved after US CPI rises more than expected in March.
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, according to the Bureau of Labor Statistics. Markets are repricing expectations for future monetary policy, with the hotter-than-expected inflation data likely to delay the timeline for rate cuts.