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Treasury Two-Year Yield Rises to Highest Since 2025 on Oil Gain
The Treasury Two-Year Yield has risen to its highest level since 2025, driven by an increase in oil prices.
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- April CPI came in hot, rising to 3.8% the highest level since May 2023. Core CPI also moved higher to 2.8%, beating expectations of 2.7%. With oil prices surging, inflation is starting to look uncomfortable again. Now the market is pricing in higher odds of Fed rate hikes.
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