Producer Prices data prevents US bond yields’ surging

US Treasury yields for10 years have not witnessed any change on Thursday since the close of last daily trading due to the pressure the markets are experiencing as a result of inflation data at the level of US producer prices, which highlighted rises that are much less than market expectations.

The US Producer Price Index rose in March by -0.5% compared to the previous month’s reading of 0.0%, which came below the market’s expectations that it will not change. The annual US producer price inflation rose by 2.7% compared to the previous reading of 4.9%, which indicates a rise less than the market expectations, which indicated a rise of 3.00%.

Excluding food and energy prices, monthly producer price inflation recorded a decline of -0.1% in March, compared to a rise in the previous month of 0.2%, which is the same figure indicated by market expectations.

Annual producer price inflation rose by 3.4% compared to 4.8% recorded in February, indicating levels below market expectations of 3.4%.

The US Treasury bond yields for ten years show stagnation at the same levels recorded in the last trading session, which makes them stable near the 3.340% region.