Treasuries Rally After CPI Seen Pushing Off Taper: Markets Wrap

(Bloomberg) — Treasuries rallied and U.S. stocks declined after a less-than-forecast increase in inflation was seen as giving Federal Reserve officials more flexibility when it comes to pulling back on stimulus. The dollar edged lower.Yields on benchmark 10-year notes fell as much as 6 basis points to 1.26%, narrowing the yield gap between short- and longer-maturity U.S. debt. The financial, industrial and energy sectors led the S&P 500 lower even after the Labor Department reported that the co


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