US sells 30-year bonds at 5% yield for first time since 2007

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US Producer Prices Rise Most Since 2022 on Energy Costs

That data, known as the producer price index, or PPI, also found that business costs rose 1.4% in April on a monthly basis — almost three times more than had been expected.

Wholesale inflation climbed 6 percent year-over-year in April, the highest level since December 2022, when former President Joe Biden was in office and grappling with the Covid-19 pandemic.