Bond Bloodbath: 10-Year Treasury Yield Spikes 13 Basis Points to 5.10% after Hot PMIs with Inflation Written All Over

They got spooked: 2-year Treasury yield +13 basis points to 4.90%, after yesterday’s auction. 7-year +14 basis points to 5.04%. 30-year hits 5.39%.
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Treasury yields in the 2-year to 10-year range spiked by 12 to 14 basis points this
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