Heading into today's cash session, there were three big question: 1) will PPI come in light, 2) will today's 30Y auction find enough demand, and 3) will the rumored escalation between Iran and Israel manifest in a military strike.
In retrospect, it was all good news, with PPI following in CPI's footsteps and printing well below estimates, while core PPI printed at the lowest annual increase since last August...
