Bond yields surge most in 19 months as traders brace for Fed rate hikes
By John Towfighi, CNN New York (CNN) — US Treasuries slumped, pushing yields sharply higher, after hotter-than-expected inflation data and comments from a key Federal Reserve official fueled bets that the central bank would need to deliver more aggressive interest rate hikes to cool inflation. The two-year Treasury yield, which closely tracks expectations for Fed
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