US Yields Climb, Stocks Fall as Inflation Data Boosts Fed Hike Bets
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10:56:51 PM UTC
SquawkNews
By Caroline Valetkevitch and Shashwat ChauhanUS Treasury yields jumped and Wall Street stocks fell on Tuesday after a hotter-than-anticipated US inflation reading boosted chances for a Federal Reserve interest-rate hike of half a percentage point next month.The 2-year note (US2YT=RR) yield, which t…