US Treasury yields continue surge following biggest weekly climb in three months

The surge for Treasurys comes on the back of surprising inflation figures last week. The U.S. consumer price index rose more than expected last month, with the core CPI posting its biggest gain in 18 months.

yields continued to rise Monday after the 10-year note posted its biggest weekly climb since April following better-than-expected inflation data.At around 5.00 a.m. ET, the yield on the benchmark 10-year note, which moves inversely to price, had increased to 2.1271%, while the yield on theThe surge for Treasurys comes on the back of surprising inflation figures last week. The U.S. consumer price index rose more than expected last month, with the core CPI posting its biggest gain in 18 months.

Treasurys had fallen earlier this month to their lowest levels in two years on expectations of a rate cut from the Fed, with the 10-year Treasury yield falling below 2%. However, the CPI data, combined with weak demand at recent Treasury auctions, combined to drive up yields.Elsewhere, China posted second-quarter growth figures on Monday that showed its economy grew 6.2% in the second-quarter, at its slowest pace in 27 years. Still, China's GDP growth was in line with expectations, and data for industrial production, retail sales and fixed-asset investment came in above analyst expectations.

I need more money.

Can't wait for the economy to crash 'unexpectedly'

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