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US yields climb after inflation boosts rate-hike bets

U.S. Treasury yields rose on Thursday after the latest inflation reading increased expectations for a Federal Reserve interest rate hike next week. Soaring oil prices further exacerbated inflation worries as yields extended their increase.

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S. Treasury yields rose on Thursday after the latest inflation reading lifted expectations for a Federal Reserve interest-rate hike next week, while surging oil prices added to inflation concerns. S. governme…