TREASURIES-US yields jump after hotter-than-expected inflation data

NEW YORK, Feb 12 (Reuters) - U.S. Treasury yields spiked on Wednesday after inflation in the world's largest economy came in hotter-than-expected last month, suggesting the Federal Reserve will likely pause its rate-cutting cycle for an extended period.

Data showed the consumer price index rose 3% on an annual basis in January compared with the 2.9% increase expected by economists polled by Reuters. On a monthly basis, the index gained 0.5%, exceeding consensus estimates for a 0.3% increase.

The benchmark 10-year bounced 9.4 basis points to 4.631% US10YT=RR after the data.