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Bond Market Whipsawed by Inflation Information, Stock Decreases


May 11, 2022
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A nascent rally in U.S. federal government bonds was upset Wednesday by inflation information that was greater than Wall Street anticipated, marking the most recent twist in a difficult year for bond financiers.

Treasury yields, which increase when bond costs fall, leapt right away after the Labor Department stated that the consumer-price index, leaving out unstable food and energy classifications, climbed up 0.6% in April from the previous month. That was above the 0.4% gain in so-called core costs prepared for by financial experts surveyed by The Wall Street Journal.

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