U.S. stocks and bond prices fell on Thursday amid disappointing inflation data and weak government bond auctions.
When prices fell, the 10-year Treasury yield rose 0.1 percentage point to 4.70%.
The sell-off began after the Bureau of Labor Statistics reported higher-than-expected inflation in September and continued after the Treasury Department announced weak demand at its latest long-term bond auction.
Stocks, which had been strong after the initial inflation report, were lower in the afternoon as the bond sell-off gathered pace. The S&P 500 and Nasdaq both ended the day down 0.6%.
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