TREASURIES-US yields climb as inflation muddles rate cut view

U.S. Treasury yields rose further on Wednesday as traders speculated that stubborn U.S. inflation evident in recent data may convince the Federal Reserve to hold off cutting rates until after June, the timeframe currently priced in by markets. Benchmark 10-year notes yields were last up 3.1 basis points (bps) on the day at 4.187%, marking three consecutive days of increases. Headline prices rose 3.2% on an annual basis, while core prices gained 3.8%.