0847 ET - Treasury yields are jolted by cooler-than-expected U.S. producer inflation. PPI increases 0.2% in December, while economists surveyed by The Wall Street Journal forecast 0.4%, the same pace as in November. The core reading doesn't move at all, defying forecast of an acceleration to 0.3% from 0.2%. The benign indicator follows Friday's blockbuster payrolls, which ignited talks about a potential Fed hike this year. Consumer inflation is due tomorrow. Yields were rising before the PPI data, then dropped sharply before recovering a little. The 10-year is at 4.781% and the two-year at 4.378%. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

January 14, 2025 08:47 ET (13:47 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.