Summary: US producer price index (PPI) up 0.3% in November, more than expected; annual rate slows to 7.4%; “core” PPI up 0.4%; “further easing” in goods pricing but still “elevated”; Treasury yields rise materially, rate-rise expectations firm slightly; “marked difference” between goods and service prices. Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019. Months in...