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CNBC

10-year Treasury yield reaches a 2024 peak after April PPI surges 1.4%

U.S. Treasury yields moved higher on Wednesday after April wholesale inflation data came in above expectations. The 10-year yield rose to 4.49% at its session high while the producer price index jumped 1.4% month over month and 6% year over year. The move followed a separate report showing April consumer inflation running above forecasts, raising questions about the Fed's policy path.
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