US TREASURY YIELDS SURGE ON HOT PPI AND MIXED RETAIL SALES
- US Treasury yields jump as inflation report cools expectations for immediate Fed rate cuts.
- February's Retail Sales rebound highlights consumer spending strength despite falling short of forecasts.
- Producer Price Index (PPI) data and lower-than-expected jobless claims reinforce views of strong economic activity.
US Treasury yields made a significant leap on Thursday, a direct response to a hot inflation report in the United States. This development is expected to deter the Federal Reserve from cutting rates in the March and May meetings, as traders have also reduced their bets for a rate cut in the June meeting.
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