Treasuries are slightly lower across the curve this morning. The UST10-Year yield is currently at 2.242% after closing at 2.240% prior.
Yesterday yields rapidly plunged toward the end of the trading day as investors reacted to President Trump's comments to the Wall Street Journal when he stated that China's currency is “not a manipulator” and that the U.S. dollar is “getting too strong”.
The U.S. wholesale inflation fell in March for the first time in 7 months due to lower costs for services such as investment advice, as well as cheaper fuel for cars and homes. The Producer Price Index for final demand declined 0.10% in March versus a 0.30% advance in February and a 0.60% advance in January. Initial Jobless Claims for the week of April 8th fell 1K to 234K from an upwardly revised 235K last week, hitting the lowest level since the week of February 25th. The U.S. labor market is showing a strong sign despite a slowdown in hiring last month. Continuing Claims came in at 2028k for the week of April 1st versus 2035k prior (revised).
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Yesterday yields rapidly plunged toward the end of the trading day as investors reacted to President Trump's comments to the Wall Street Journal when he stated that China's currency is “not a manipulator” and that the U.S. dollar is “getting too strong”.
The U.S. wholesale inflation fell in March for the first time in 7 months due to lower costs for services such as investment advice, as well as cheaper fuel for cars and homes. The Producer Price Index for final demand declined 0.10% in March versus a 0.30% advance in February and a 0.60% advance in January. Initial Jobless Claims for the week of April 8th fell 1K to 234K from an upwardly revised 235K last week, hitting the lowest level since the week of February 25th. The U.S. labor market is showing a strong sign despite a slowdown in hiring last month. Continuing Claims came in at 2028k for the week of April 1st versus 2035k prior (revised).
The curve has bear-flattened with the UST 10-Year up 0.2 bp from prior closing.