2-year Treasury yield ends higher for 3rd straight week on signs of possible inflation trouble

U.S. government debt sold off on Friday, pushing yields to their second-highest levels of 2024, after hotter-than-expected producer-price data created more inflation concerns.

What happened

What drove markets

Data released on Friday showed that the inflation fight isn’t over. The producer-price index rose 0.3% in January, above the 0.1% forecast of economists polled by the Wall Street Journal. It’s possibly another sign inflation won’t slow toward the Federal Reserve’s 2% target as fast as hoped.

The…