The 10-year nears its highest level since January 2014 after CPI tops estimates

pulse

February 14, 2018 2:49 PM

The 10-year yield hit 2.89% on Monday.

The US 10-year yield topped 2.87% after CPI was hotter-than-expected.
Traders have been selling Treasurys amid fears the Fed will hike rates more aggressively than previously anticipated.

US Treasury yields are spiking after Wednesday's consumer price index report showed inflation rose quicker than expected in January.

The report released by the Bureau of Labor Statistics showed consumer prices jumped

2-year
3-year
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At its February meeting, the central bank said it expected to raise rates three times in 2018. However, many market participants now think there could be a fourth hike this year.

Wednesday's selloff has had little impact on the yield curve as the 2-10-year spread trades little changed near 73 bps.

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