Producer Prices Come Out Tomorrow

The 10 year note has weakened considerably over the last few weeks as fears of inflation have pushed up required yields. The producer price index, a key inflation gauge, will be reported tomorrow.

Here is a wire story excerpt about expectations.

Snip…

“One potential catalyst for such a move could be Tuesday's producer price index. The median estimate of 21 economists surveyed by Dow Jones Newswires and CNBC has soaring oil and natural gas prices pushing up overall PPI to 1.4% in September. The core non-food, non-energy reading is expected to rise by 0.2%.”