Treasury yields end at highest levels since at least December after hotter-than-expected CPI inflation report

Treasury yields soared on Tuesday, with the policy-sensitive 2-year rate jumping its most in nine months, after January’s U.S. consumer-price index report threw financial markets into a tailspin.

What’s happening

What’s driving markets

Data released on Tuesday showed that inflation, as measured by the U.S. consumer-price index, came in hotter than expected for January.

Consumer…