Swiss Economicblogs.org
And just like that, snap of the fingers, it’s gone. Without a “bad” Treasury auction, there was no stopping the bond market today from retracing all of yesterday’s (modest) selloff and then some. This despite the huge CPI estimates released before the prior session’s trading, and now PPI figures that are equally if not more obscene. The BLS reports today that its main producer price index (PPI), the one for finished goods, was up 9.19% year-over-year in June 2021....
Read More »And Now Three Huge PPIs Which Still Don’t Matter One Bit In Bond Market
