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


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

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

Source: Bloomberg

The heading PPI print fell 0.2% MoM versus expectations of a v-shaped bounce back +0.4% MAMA.

Food costs fell 5.2% in June as Energy increased 7.7%.

Core PPI likewise fell (down 0.1% YoY)

Which helps support the continuous plunge in Treasury yields …

And entirely decouple from stocks …

Trade appropriately.

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