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Treasury yields were mostly higher on Thursday after the latest U.S. wholesale prices report exacerbated inflation worries, though remarks by one Federal Reserve official prompted traders to pull back on the idea of a 100 basis points interest rate hike in two weeks.
What’s happening
What’s driving markets
Data released on Thursday showed that U.S. wholesale prices surged in June, signaling that inflation spread deeply into the economy. The increase in wholesale prices over the past 12 months rose to 11.3%…
