1623 ET - The U.S. bond market continued to sell off with the U.S. 10-year yield nearing 5%. Wholesale inflation rose 0.4% in August, in-line with analysts' expectations. Friday's CPI report will be top of mind for investors ahead of the Federal Reserve's interest rate meeting next week. The 2-year yield rose 0.122 percentage point to 4.548%. The 30-year yield rose 0.075 percentage point to 5.360%, its highest yield since June 2004. The benchmark 10-year yield rose 0.104 percentage points to 4.943%, its highest level since October 2023.
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