U.S. Treasury yields climb as 10-year nears 5% before CPI
The U.S. bond market sold off, with the 10-year yield nearing 5%. Wholesale inflation rose 0.4% in August, matching analysts' expectations, ahead of Friday’s CPI report.
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08:33:28 PM UTC
SquawkNews
By Emese Bartha and Jessica CoacciOil prices surged fueling a global bond market sell off Thursday, with the 10-year Treasury yield closing in on 5%.Oil prices topped $102 a barrel in the U.S. and global benchmark Brent hit $107. U.S. wholesale inflation rose 0.4% in August, while existing home sal…
S. S. 10-year yield nearing 5%. 4% in August, matching analysts' expectations.
Friday's CPI report is likely to be closely watched ahead of the Federal Reserve's interest rate meeting next week. The 2-year yield ros…