(Updates with market activity and details, analyst comment) By Ross Kerber Nov 10 (Reuters) - Traders sent real yields on U.S. Treasuries to record lows on Wednesday after new consumer price data reinforced inflation concerns and flattened a closely watched part of the yield curve. The yield on 10-year Treasury Inflation Protected Securities dipped as low as -1.243% and the yield on 30-year TIPS went as low as -0.608%, both records, in morning trading. The moves came after higher-than-expected consumer price inflation, which could lead to monetary tightening. A report from the U.S. Labor Department showed prices increased more than expected in October as the cost of gasoline and food surged, leading to the biggest annual gain since 1990. "The market has to do a one-time adjustment on inflation expectations and that"s why you get a day like today," said Gary Pzegeo, head of fixed income for CIBC Private Wealth. The benchmark 10-year yield was up 7.7 basis points at 1.5255%. Increases were higher in the middle of the curve such as on the five-year note, up 12.2 basis points at 1.19%. The two-year note