PPI Was Hot

The PPI came in hot including the core rate. This is initially being seen as negative for treasuries but I believe that higher than expected inflation numbers will eventually be seen as a threat to QE, which should be positive for treasuries.

1 comment:

Anonymous said...

i don't understand. they've wanted a hotter PPI since they started rate cuts and QE2. so we got it now. now pundits on cnbc argue that it's bad. insane world we live in.