Two-Year Treasury Yield Posts Its Biggest Jump Since the 2025 Tariff Tantrum as a Hot October CPI Puts a Half-Point Fed Hike on the Table

October CPI rose 0.4% and core 0.3%, both above forecasts, sending the two-year Treasury yield up about 18 basis points and the 10-year briefly above 5%. Here is what a possibly larger December Fed hike means for business borrowers, cash and pricing.

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