U.S. Treasurys spiked on Friday morning following a week of messy inflation data and as traders looked to price interest rate policy under the new Federal Reserve Chair Kevin Warsh. The yield on the 30-year bond jumped 8.6 basis points to yield just under 5.1%, around the highest since October 2023. The yield on the 10-year Treasury note β the main benchmark for U.S. borrowing β surged 7 basis points to 4.55%. Meanwhile, the 2-year Treasury note yield, which tends to react in line with short-term Fed rate decisions, was more than 6 basis points higher at 4.06%. One basis point equals 0.01%, and yields and prices move inversely to each another. The jump in yields comes as new Fed chair Warsh, who was confirmed by the Senate on Thursday, grapples with an increasingly complicated inflation picture. President Donald Trump continues to push for interest rate cuts, even as data on consumer prices and imports shows prices ticking higher.β¦