US Treasury yields rise 0.5% as hot CPI and strong payrolls cloud Fed rate-cut path
Yields on the 10-year Treasury note climb to 4.35% amid inflation and employment data that complicate the Federal Reserve's outlook for rate cuts.
Update: This story updates earlier coverage: US Treasury yields hold near highs as hot CPI and strong payrolls cloud the Fed cut path
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Key Points
- Treasury yields hold near highs as hot CPI and strong payrolls cloud the Fed cut path.
- US 10-year Treasury yield was at 4.35, up 0.5% on the session.
According to Reuters, Treasury yields hold near highs as hot CPI and strong payrolls cloud the Fed cut path. US 10-year Treasury yield was at 4.35, up 0.5% on the session.