US 10y yields jump almost 10bps to 4.29% after another #inflation disappointment. Producer Prices for Feb ran hot, w/headline +1.6% YoY, up from +1% in Jan and above the consensus forecast of 1.2%.
US companies have announced $105 billion in planned share buybacks in the first week of February, the strongest start to a February ever & the second-best start to a year after 2023. “Management is getting more confident about where the economy is headed.” https://t.co/DaamV3ngE6