The one-month Treasury-bill rate fell below 3.9% on Thursday after March data showed the biggest decline in wholesale prices in almost three years, though other yields finished mostly higher.
What happened
What drove markets
In data released on Thursday, wholesale inflation posted its biggest drop since the start of the pandemic in early 2020, according to the March producer price index. U.S. wholesale prices sank 0.5% last month in a sign of potentially further easing in inflation ahead, and the increase…
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