10-year Treasury yield races back to 5% as inflation data, Waller comments drive rate hike expectations

The 10-year Treasury yield reached 5% following the release of a consumer price index report that showed inflation higher than analyst expectations. Federal Reserve Governor Christopher Waller's comments also contributed to increased expectations for interest rate increases. The yield had recently traded below 5% before the economic data.

• CNBC — 10-year Treasury yield races back to 5% as inflation data, Waller comments drive rate hike expectations

Next story