US 2-year yields surge as the market realizes the US has an inflation problem

What we know so far

investingLive (Nov 10, 21:09): The bond market is kicking and screaming again.US 2-year yields are up 19 basis points to 4.73% as the market digests a hut CPI report and comments from Chris Waller. The Fed Governor said that a 50 basis points hike was on the table for December if core CPI ran at +0.3% or higher. Well it was at 0.3% and…