U.S. Treasury yields rose on Wednesday morning, with the 10-year rate climbing to 1.23%.
" on Wednesday that his firm didn't think pricing pressures would get "out of hand."
"We don't think there's going to be anything like high-single-digits sort of inflation," he said, noting that although prices were seeing a bounce right now, they would "moderate and come back to trend next year."Auctions are scheduled to be held on Wednesday for $30 billion worth of 119-day bills and $24 billion worth of 20-year bonds.
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