US PPI unexpectedly declines, Treasury yields fall consolidate expectations for interest rate cuts

According to ChainCatcher, according to Kingshin, U.S. Treasury prices rose, and the previously released U.S. PPI data was weaker than expected, consolidating bets for interest rate cuts. The yield on the two-year Treasury bond fell 4 basis points to 3.52%; the yield on the 10-year Treasury bond fell 2 basis points to 4.07%. The U.S. Bureau of Labor Statistics reported that the producer price index fell 0.1% in August from the previous month, the first decline in four months. "This makes the Fed's 25 basis points cut next week like a dunk," Andrew Brenner said.