Treasuries End Lower

Prices fell after the producer price index jumped more than expected, clouding the inflation picture

From S&P MarketScope: Treasuries fell as July PPI rose 1.0% and core PPI rose 0.4%, both much higher than expected. The data clouded the inflation picture after relatively benign readings in the CPI release yesterday.

The 10-year note slid 17/32 to 99-26/32 for a yield of 4.27%. The 30-year bond tumbled 33/32 to 113-17/32 for a yield of 4.48%.

Stocks were higher as bond trading closed, boosted in part by a 4% plunge in September WTI crude oil to $63.25. The dollar rallied.

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