PARIS (Reuters) – U.S. yields and the dollar jump after the publication of a stronger-than-expected CPI inflation indicator in January, raising fears that the Federal Reserve will keep its rates high for longer than expected by markets .
At 1:38 p.m. GMT, the yield on the ten-year US Treasury bond climbed 11.1 basis points to 4.2809%, while the two-year rose 15 basis points to 4.6197%. Both yields reached their highest level since December 2023 during the session.
They stood at 4.154% and 4.4488% respectively before the publication of inflation.
For its part, the dollar strengthened by 0.40% against the euro, to 1.0728, whereas it lost 0.19% before the publication of the indicator.
(Written by Corentin Chappron, edited by Kate Entringer)
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