Treasury yields drop by most in eight months on October CPI’s easing inflation

Treasury yields plunged on Tuesday, handing 2- and 10-year rates their biggest one-day declines since March, after October’s U.S. consumer price inflation report came in below expectations.

What happened

What drove markets

Data released on Tuesday showed that the monthly headline rate of inflation from the October consumer price index was flat, while the annual headline rate fell to 3.2% from the 3.7% pace recorded for September.

Even…