Bond Report: 2- to 5-year Treasury yields drop even after surge in U.S. wholesale prices

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Treasury yields fell for a second session on Wednesday even after data showed U.S. wholesale prices surged in March, suggesting high inflation is likely to persist for the next few months.

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Treasury yields fell for a second day Wednesday despite U.S. data showing that the cost of wholesale goods and services jumped 1.4% in March largely due to more expensive food and gasoline. Economists surveyed by The Wall Street Journal had expected the index to show a…

This article was originally published by Marketwatch.com. Read the original article here.

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