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NEW YORK, April 10 (Reuters) - U.S. Treasury yields

spiked on Wednesday after inflation data came in higher than

expected, pushing the benchmark 10-year yield higher

by about 15 basis points to over 4.5%, its highest since

November last year.

U.S. consumer prices increased more than expected in March

amid rises in the costs of gasoline and shelter, casting further

doubt on whether the Federal Reserve will start cutting interest

rates in June.

Two-year yields also spiked by over 15 basis points and were

last seen at 4.94%, also their highest level since November.

Fed funds futures traders trimmed their expectations for

interest rate cuts to a total of 45 basis points for 2024, down

from 67 points ahead of the inflation data.