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


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.

What are yields doing?
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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…

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