Tuesday's selloff in U.S. government debt, spawned in part by Federal Reserve Chairman Jerome Powell's patient stance on future interest-rate adjustments, pushed the 2-year Treasury yield to its highest level in almost three weeks.

Treasury yields pulled back on Thursday even after another inflation report pointed to hotter-than-expected price pressures.

U.S. government debt aggressively sold off on Wednesday, pushing the benchmark 10-year yield up for a fifth straight session, after the consumer-price index for January exceeded expectations and raised doubts about the Federal Reserve’s ability to keep cutting interest rates.

Treasury yield was a touch softer and threatening to break a five-day streak of gains that took the benchmark borrowing cost to its highest level since January 23, following a [hotter-than expected U.

U.S. Treasury yields pulled back on Thursday as investors digested January's hotter-than-expected consumer price index report.