Seeking Alpha

Core PPI decline and slip in stocks boost Treasury prices

  • A big unexpected dip in core PPI in February (-0.2% vs. +0.1% forecast) combines with a negative reversal in stock index futures to send the 10-year Treasury yield all the way down to 2.61% from 2.67% in the minutes ahead of the 8:30 print. Up for most of the overnight and morning session, S&P 500 futures are now off by 0.2%.
  • TLT +0.5%, TBT -1%
  • It was just 72 hours ago when the 10-year yield touched 2.8%. The low for the year is about 2.59%.
  • ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, SBND, ZROZ, TLH, DLBS, VGLT, UBT, TLO, LBND, TENZ, TYBS, DLBL
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Comments (1)
  • Captain Pike
    , contributor
    Comments (785) | Send Message
     
    plentiful energy, no inflation -- that's how it works folks
    14 Mar 2014, 10:28 AM Reply Like
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