On Thursday, the iShares 7-10 Year Treasury Bond ETF (IEF) fell 0.5%, and the iShares 20+ Year Treasury Bond ETF (NasdaqGS: TLT) decreased 1.0%. Yields on 10-year notes were above 2% for the first time since August 2019 amid a broad rout in the Treasury markets driven by expectations of a more aggressive response from the Federal Reserve in its fight against the faster-than-predicted inflationary pressures. The Wall Street Journal reports that core prices, excluding volatile food and energy categories, rose 0.6% month-over-month, compared to analysts' expectations for a 0.4% gain.