Treasury yields spike amid optimism for a smooth reopening and strong PPI data

Steven Mnuchin, U.S. Treasury secretary, speaks to members of the media outside the White House in Washington, D.C., U.S., on Monday, Dec. 3, 2018. Mnuchin said he's hopeful the temporary trade-war truce that President Donald Trump and China's Xi Jinping agreed to Saturday will lead to real changes in China's economic policies. Photographer: Andrew Harrer/Bloomberg

Treasury yields jumped on Tuesday as positive vaccine news boosted risk sentiment, driving investors away from safe bonds

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