Bond Report: U.S. Treasury yields climb as reflation fears unnerve bond traders

U.S. Treasury yields trade higher on Friday as investors digest a raft of data pointing to the struggles of the consumer at the start of the year, even as bond traders are unsettled by the potential for the Biden administration’s $1.9 trillion fiscal stimulus and pent-up household spending to course through the economy in the months ahead, releasing inflationary pressures.

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