According to BlockBeats, on August 14, U.S. Treasuries rose as a weaker-than-expected U.S. Producer Price Index (PPI) report supported the Federal Reserve's more aggressive approach to cutting borrowing costs this year.
The rally in Treasuries on Tuesday pushed the yield curve down by at least 4 basis points, with the two-year yield falling about 5 basis points to just below 4% and the 10-year yield falling to around 3.9%.
Jack McIntyre, portfolio manager at Brandywine Global Investment Management, said after the weak PPI report, "You can breathe a sigh of relief." The PPI report kicked off a series of economic data releases this week. Consumer prices and retail sales data will be released on Wednesday and Thursday, respectively, and are expected to help investors assess the magnitude and speed of potential interest rate cuts by the Federal Reserve. (Jinshi)
