Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain. That represented a slight ease from March’s peak but was still close to the highest level since the summer of 1982. … The 10-year U.S. Treasury yield jumped on Wednesday after a release of key inflation data showed a faster-than-expected rise in prices. The yield on the benchmark 10-year Treasury note rose more than 3 basis points to 3.023% and the yield on the 30-year Treasury bond ticked up 1 basis points to 3.14%.
Source: CNBC
