Group 1 - The US Producer Price Index (PPI) for May showed a lower-than-expected growth rate, indicating continued moderate inflation, which has increased market expectations for a Federal Reserve interest rate cut [1][2] - The 10-year US Treasury yield fell by 6.11 basis points to 4.36%, reaching a new low since early May, while the 20-year and 30-year yields also dropped over 7 basis points [1] - The US Treasury issued $22 billion in 30-year bonds with a bid-to-cover ratio of 2.43, indicating strong demand despite a slight decrease in the indirect bid ratio [1][2] Group 2 - The May PPI increased by 0.1% month-on-month, below the expected 0.2%, while the year-on-year growth was 2.6%, slightly higher than April's 2.4% [2] - Core PPI, excluding food and energy, rose by 0.1% month-on-month, lower than the expected 0.3%, and the year-on-year increase was 3.0%, slightly above expectations [2] - The probability of a Federal Reserve rate cut before September has risen to approximately 80%, reflecting increased investor confidence in a potential easing of monetary policy [2]
更多数据支持降息 长期美债收益率降至逾1个月新低
Sou Hu Cai Jing·2025-06-13 00:55