10-year Treasury yield shoots higher as January CPI is hotter than expected

10-year Treasury yield shoots higher as January CPI is hotter than expected

10-year Treasury yield shoots higher as January CPI is hotter than expected The yield on the 10-year Treasury note surged on Tuesday after January inflation data came in stronger than expected. The 10-year Treasury yield added nearly 10 basis points to 4.269%, while the yield on the 2-year Treasury climbed more than 13 basis points to 4.601%. Yields and prices move in opposite directions, and one basis point equals 0.01%. Treasurys Consumer prices rose 0.3% in January from December, while …