October 15, 2014 / 12:46 PM / 4 years ago

U.S. TIPS breakevens hit session lows after PPI data

NEW YORK (Reuters) - U.S. bond market’s gauges on inflation expectations fell to session lows early Wednesday as weaker-than-expected data on producer prices in September intensified bets on slowing domestic price growth, which might cause the Federal Reserve to postpone a rate hike next year.

The yield spread between 10-year Treasury Inflation-Protected Securities US10YTIP=TWEB and 10-year regular Treasuries notes US10YT=TWEB was 1.89 percentage points, down 2.8 basis points from late on Tuesday.

U.S. producer prices fell for the first time in more than a year, down 0.1 percent in September USPPIE=ECI, the Labor Department said on Wednesday.

Reporting by Richard Leong Editing by W Simon

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below