The US PPI unexpectedly fell, and US Treasury bonds surged.

Jin10 data September 10 news, U.S. Treasury prices rose after the released U.S. PPI data was weaker than expected, consolidating bets on interest rate cuts. The yield on U.S. two-year Treasury bonds fell by four basis points to 3.52%, while the yield on U.S. ten-year Treasury bonds dropped by two basis points to 4.07%. The yield on U.S. two-year Treasury bonds is closely related to the Fed's expected policy. The report released by the U.S. Bureau of Labor Statistics on Wednesday showed that the Producer Price Index decreased by 0.1% in August compared to the previous month. This is the first decline in four months. Andrew Brenner, head of international fixed income at NatAlliance Securities, stated: “This makes a 25 basis point rate cut by the Fed next week feel like a slam dunk (virtually certain).” “Unless the CPI unexpectedly falls, we will not see a 50 basis point rate cut, nor do we have such expectations.”