US PPI wind continues in global markets

After the US PPI data, economists postponed their expectations for the first Fed rate cut. The PBOC, which investors and economists expected to ease policy, drew excessive liquidity. Bond yields rose rapidly after the PPI data, and Asian stocks followed the US losses. The US producer prices, which were announced above expectations, also pushed bond yields up. The US 10-year bond yield rose 10 basis points to 4.29 percent on Thursday. The yield is around 4.28 percent in Asian transactions. Market players' expectations for the first Fed rate cut in the swap market were also carried forward to July. While the indices received their share of low risk appetite, the S&P 500 and Nasdaq 100 closed the day with a 0.3 percent loss. Light losses continue in the futures of the two indices. It is estimated that the S&P 500 may reflect some volatility due to the expiration of option contracts today. Low risk appetite also pulled the Asia Pacific stock indices down. The dollar, which rose after the PPI data, maintains its strength today. The Bloomberg Dollar Index, which closed Thursday with a 0.4 percent increase, is up 0.1 percent this morning at 1,235 points.