Yields and prices have an inverted relationship and one basis point equals 0.01%.Investors digested this week's key inflation data, including Thursday's producer price index report for March which declined by 0.5% on a monthly basis. Economists previously surveyed by Dow Jones had expected the PPI print to come in flat.was published Wednesday. It showed that prices rose by 0.1% in March, slightly less than the 0.2% anticipated by economists, according to a Dow Jones survey.
As the data suggested that inflation is easing, many investors now believe the Fed could pause interest rate hikes sooner.that rate increases could be halted soon, but that further hikes were also still on the table and might be necessary to cool the economy. Investors are also awaiting the start of earnings season. They will be paying especially close attention to reports form the banking sector, which has had a tumultuous start to the year.