Bond Report
Treasury yields were broadly lower Thursday morning after the U.S. March producer price data showed the biggest decline in almost three years.
What’s happening
What’s driving markets
In data released on Thursday, wholesale inflation posted its biggest drop since the start of the pandemic in early 2020, according to the March producer price index. U.S. wholesale prices sank 0.5% last month in a sign of potentially further easing in inflation ahead, and the increase over the past 12 months slowed to 2.7% from…
