Treasury yields extend decline ahead of U.S. producer-price index

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Treasury yields extend decline ahead of U.S. producer-price index
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Treasury yields move lower early Thursday, after falling the previous session in the wake of a slightly stronger-than-expected September consumer-price index...

Treasury yields continued to decline Thursday, ahead of data on U.S. inflation at the wholesale level in September.

Some analysts said the fall in longer-dated yields despite the somewhat hotter-than-expected inflation data partly reflected fears that the Fed may eventually be forced to more aggressively raise interest rates than had been anticipated, risking a policy error that could undercut future economic growth. Others said it could reflect fears of a scenario in which lower growth makes it difficult to begin an extended cycle of rate increases after the Fed completes the tapering process.

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