Over the past few weeks, concerns about inflation have continued to push up 10-year US Treasury yields. However, Friday's inflation data was still strong, but the 10-year yield declined. Eric Vinograd, chief economist at Lianbo, said that yields have risen sharply recently, so this slight decline is reasonable. He added that Friday's data “gave the market a high degree of consensus” and determined that the Federal Reserve would raise interest rates next week, dispelling market concerns that the Fed might take the inflation issue lightly.

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