SignalFixed Income
Treasury yields tumble despite a hot PPI print
Treasury yields tumble despite hot PPI print, signaling rate-cut expectations outweigh inflation data.
Context
What happened: U.S. Treasury yields fell sharply Thursday morning following the release of September producer price data. The long end of the curve led the decline.
Key numbers: U.S. 30 Year Treasury yield (US30Y) fell 13 basis points to 5.39%.
Why it matters: The drop came despite a hot PPI print, with the long end of the curve leading the decline.
What changed
U.S. Treasury yields fell sharply Thursday morning following the release of September producer price data. The long end of the curve led the decline.
Why it matters
The drop came despite a hot PPI print, with the long end of the curve leading the decline.