Summary: US producer price index (PPI) down 0.5% in March, less than expected; annual rate slows to 3.4%; “core” PPI down 0.1%; fall attributable to 11.6% gasoline price drop; longer-term Treasury yields up; rate-rise expectations soften; goods prices down 1.0%, services prices down 0.3%. 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 which...