Treasury yields continue to tumble after PPI fell in May
Publishing timestamp: 2024-06-13 13:33:13
Summary
U.S. Treasury yields slipped after unexpected drop in inflation data, with benchmark note yield hitting lowest level since April 1. Producer price index showed decline in May, offering welcome news for investors. Weekly jobless claims data also came in above forecast, potentially indicating Fed may lower rates later this year. Fed held rates steady and suggested slight optimism about inflation trending back towards 2% goal.
Sentiment: MIXED
Keywords: government debt, medium term notes, prices, breaking news: markets, economic events, u.s. 10 year treasury, business news, bonds, world markets, u.s. 2 year treasury, markets,