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Source:
CNN
Yields surge on Fed hikes
US Treasuries slumped Tuesday after core inflation rose 0.3% in the latest month, above economists’ 0.2% forecast, and Federal Reserve officials signaled further rate increases may be needed. The two-year yield jumped 17 basis points, while the 10-year yield rose 10 basis points to 4.98%, briefly topping 5%. Traders priced in a 91% chance of a quarter-point Fed hike in December and a 9% chance of a half-point increase.
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