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Thursday, March 28, 2024

Treasury Yields Tumble As Producer Prices Deflate For 3rd Straight Month

Courtesy of ZeroHedge View original post here.

For the third straight month, US Producer Prices deflated on a year-over-year basis in June.

Against expectations of a 0.2% decline, PPI Final Demand fell 0.8% YoY…

Source: Bloomberg

The headline PPI print fell 0.2% MoM against expectations of a v-shaped bounce back +0.4% MoM.

Food prices fell 5.2% in June as Energy rose 7.7%.

Core PPI also fell (down 0.1% YoY)

Which helps support the ongoing plunge in Treasury yields…

And completely decouple from stocks…

Trade accordingly.

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