Week InReview: October 13, 2023

Bond yields climb. Stocks drop.

Treasury yields surged after September's hotter-than-expected CPI and moved still higher after an auction of 30-year bonds drew weak demand. Yields across the maturity spectrum rose by at least 10 basis points at one stage, and the 30-year bonds rose as much as 18 basis points, on pace for their biggest daily increase since the market turmoil of March 2020.


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