10-year Treasury yield edges higher after hitting 2-month low as U.S. consumers’ inflation expectations rise for 2nd month

U.S. Treasury yields were edging higher on Wednesday morning after consumers’ inflation expectations rose for a second straight month in November as Americans appear worried that the stubborn inflation might be far from defeated.

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Longer-dated U.S. government bond yields were rising on Wednesday after holding near two-month lows earlier this week, as the University of Michigan’s consumer-sentiment survey shows Americans expect prices to climb at an annual rate of 4.5%…