The Yield Curve is Inverting
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U.S. Treasury yields climbed on Thursday, with the benchmark 10-year rate breaching the 2% level, after key inflation data showed hotter-than-expected price pressures.
The yield on the 10-year Treasury note jumped 12 basis points to about 2.05%, the first time that the benchmark rate reached 2% since August 2019. Yields move inversely to prices and 1 basis point is equal to 0.01%.
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