(Bloomberg) – The S&P 500 index closed almost flat and the yield on two-year Treasuries added more than 10 basis points after official data showed inflation remained high. Two Federal Reserve officials then warned that the “cure” could require higher interest rates over a long period, although one politician suggested the end could be near.

Here are some of the major moves in the markets:

Shares

  • The S&P 500 was little changed at 4:05 p.m. PT
  • The Nasdaq 100 rose 0.7% to its highest level since Feb. 7.
  • The Dow Jones Industrial Average fell 0.5%
  • The MSCI World index rose 0.8%

Exchange

  • The Bloomberg Dollar Spot Index was little changed
  • The euro rose 0.1% to $1.0738
  • The pound rose 0.3% to US$1.2175
  • The Japanese yen fell 0.5% to 133.04 per dollar

cryptocurrencies

  • Bitcoin is up 2.5%, more than any gain at the close since Feb. 1
  • Ether rose 4.4%, more than any close advance since Jan. 29

obligations

  • The 10-year Treasury yield rose five basis points to 3.75%
  • The yield on German 10-year bonds rose seven basis points to 2.44%
  • The yield on UK 10-year bonds rose 12 basis points, more than any advance at the close since February 6

Raw materials

  • West Texas Intermediate crude fell 1.3% to $79.13 a barrel
  • Gold futures rose 0.2% to $1,866.30 an ounce.

Nota Original: Treasury yields climb on bets for June Fed hike: Markets recap

–With the collaboration of Julien Ponthus, Sagarika Jaisinghani, Farah Elbahrawy and Vildana Hajric.

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