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US 10-year Treasury yield climbs to 4.959% despite softer core PPI

Verifying
  • Core PPI rose 0.2% month over month, below the 0.3% forecast.
  • The U.S. 10-year Treasury yield increased 11.9 basis points to 4.959%.
  • Markets continued pricing a more hawkish Federal Reserve path before tomorrow's CPI report.
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