Producer Prices Spike Higher in April, Causing Yields to Rise

Producer prices for April have exploded higher, following a hotter-than-expected CPI report, leading to a spike in market yields.

13 May, 12:40 — 13 May, 12:40

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zerohedgeLow120d ago

Yields Spike As Producer Prices Explode Higher In April

Yields Spike As Producer Prices Explode Higher In April After yesterday's hotter than expected CPI (driven in large part by Energy, but seeing some contagion into Services costs), this morning's Producer Price print for April was expected to show a major surge in annual wholesale inflation. With the eight straight monthly increase, PPI rose by a massive 1.4% MoM (vs +0.5% MoM exp) - the biggest MoM jump since March 2022, lifting PPI by a stunning 6.0% YoY (vs 4.8% YoY exp). That...

By Tyler Durden

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Producer Prices Spike Higher in April, Causing Yields to Rise

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Yields Spike As Producer Prices Explode Higher In April

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