Treasury yields slip a day after hotter-than-expected inflation report

Treasurys rallied on Wednesday, sending yields lower, as traders considered whether there may have been an overreaction in the prior session to January’s stronger-than-expected consumer-price index.

What happened

What drove markets

Investors continued to digest the implications of a hotter-than-expected inflation report released Tuesday, and appeared to conclude that yesterday’s selloff in bonds and stocks may have been overdone.

The…