10-year at 4.45%, DXY 98.29; year-end hike bets reach 30%

After the CPI shock, the 2-year yield rose 3bp to 3.98% and the 10-year rose 4bp to 4.45%. DXY gained 0.3% to 98.29. CME FedWatch showed traders lifting the probability of a Fed rate hike by year-end to roughly 30%, while equity futures fell.