U.S. Treasury yields climbed sharply on Thursday after a stronger-than-expected June inflation reading weighed on demand for an auction of long-dated government paper. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, +3.04% rose 6.1 basis points to a four-week high of 2.122%, while the 30-year bond yield TMUBMUSD30Y, +2.38% climbed 7.2 basis points to 2.642%, its highest since May 30. The 2-year note rate TMUBMUSD02Y, +1.35% was up 2.7 basis points to 1.852%. The gap between short-term yields and long-term yields, or the so-called yield curve, continued to widen from Wednesday as expectations ... (full story)