Treasuries Decline After Producer Prices Rose More Than Forecast in May

(Bloomberg) -- Treasuries fell as a government
report showed producer prices rose more than forecast in May,
bolstering speculation the Federal Reserve will lift interest
rates later this year.

Producer prices rose 0.9 percent in May, after increasing
0.7 percent in April, as fuel costs climbed, government data
showed. The reading compared with the 0.6 percent increase that
was the median forecast in a Bloomberg News survey.


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