Treasuries-US yields jump, then drop, after CPI data
TLT•Benchmark yields ease after CPI-driven surge
NEW YORK, Sept 11 (Reuters) - Benchmark 10-year Treasury yields eased on Friday after earlier nearing the key 5% psychological level after data showed that U.S. consumer prices accelerated in August.
The yield on benchmark U.S. 10-year notes US10YT=RR fell 2.61 basis points to 4.918%, after reaching 4.9915% immediately after the data release, the highest since October 2023.
The 2-year note US2YT=RR yield, which typically moves in step with interest rate expectations for the Federal Reserve, rose 2.67 basis points to 4.577% and reached the highest since July 2024.
