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U.S. Treasury bonds rose, PPI rose less than expected, supporting the Federal Reserve's aggressive interest rate cuts

Treasuries were higher as a weaker-than-expected U.S. producer price index (PPI) report supported the Federal Reserve to cut borrowing costs more aggressively this year. Tuesday's rise pushed the yield curve down by at least four basis points, with the two-year yield down about five basis points to just under 4 percent and the 10-year yield falling to around 3.9 percent. Jack McIntyre, portfolio manager at Brandywine Global Investment Management, said after the weak PPI report, "You can breathe ...

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2024-08-13 15:45:46
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