10-year Treasury yield has biggest one-day jump of 2025 after hot inflation data
U.S. government debt aggressively sold off on Wednesday, pushing the benchmark 10-year yield up for a fifth straight session, after the consumer-price index for January came in higher than expected and raised doubts about the Federal Reserve’s ability to keep cutting interest rates.
Jeffrey Rosenkranz, a portfolio manager at Shelton Capital Management, said in a phone interview [with MarketWatch] that “this will call into question whether the next move is a hike rather than a cut.”
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