Investing - Theory, News & General • 2-year Treasury reaction to CPI release

One thing that is commonly stated is that the two-year Treasury is sensitive to change in Fed funds rate expectations, which of course depends on CPI change. When I first read the news this morning about the CPI release, there was mention of a spike in the two-year Treasury yield. Here's the way it looks so far today:



So yeah, big spike early in the trading day, following the CPI release at 8:30 ET, but at this point it's basically flat relative to the close yesterday.

Statistics: Posted by Kevin M — Wed Oct 14, 2026 2:53 pm