U.S. Treasury 10-year yield rates hit above the 2 percent benchmark on Feb. 10, after key inflation data showed larger than expected price pressures, causing the Dow to crater, losing over 500 points. The yield on 10-year Treasury note jumped 12 basis points to about 2.05 percent, the first time since August 2019 when it last hit above the benchmark rate. The benchmark Treasury yield rapidly skyrocketed since the beginning of 2022, rising almost 50 basis points from 1.51 percent at the end of last December. The 10-year rate has since gained about 20 basis points from the end of January when it was at 1.78 percent. Meanwhile, the yield on the 2-year Treasury bond, surged 26 basis points to top 1.6 percent, with the surge marking the 2-year’s biggest single day move since 2009. The 2-year rate is the most sensitive to Federal Reserve policy regarding interest rates. The spread …