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U.S. Treasury Yields Climb After April Inflation Is Higher Than Expected

U.S. Treasury yields climbed Wednesday after new data showed inflation in April was higher than analysts had expected.

Yields, which rise when bond prices fall, had declined overnight but jumped immediately after the Labor Department said that the consumer price index, excluding volatile food and energy categories, climbed 0.6% in April from the previous month. That was above the 0.4% gain in so-called core prices anticipated by economists surveyed by The Wall Street Journal.