Hot US inflation lifts Treasury yields toward 5%
US consumer prices rose 0.4% in October, higher than expected. The 10-year Treasury yield rose back toward 5%. Officials' comments raised expectations of rate hikes.
Why it matters
Higher rates raise borrowing costs for loans and mortgages.
Background
The Federal Reserve sets US interest rates.
The story so far
- Hot US inflation lifts Treasury yields toward 5%
- US inflation hotter than expected; Fed weighs hikes
Sources
- CNBC ↗Nov 10, 4:06 PM ET
- CNBC ↗Nov 10, 11:36 AM ET
- BBC Business ↗Nov 10, 9:45 AM ET
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