Wednesday, February 15, 2017

TREASURIES-Yields jump after data shows surging consumer prices

* CPI shows largest gain in 4 years

* Two-year yields highest since Dec. 28

* Yellen to testify to lawmakers

By Karen Brettell

NEW YORK, Feb 15 (Reuters) - Benchmark U.S. Treasury yields

rose to two-and-a-half week highs on Wednesday after data showed

a jump in consumer prices in January, bolstering expectations

that the Federal Reserve is closer to raising interest rates.

The Labor Department said the Consumer Price Index jumped

0.6 percent last month after gaining 0.3 perc

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