Producer prices fall in the US

Treasurys were mixed Tuesday, with short-term notes falling and long-term ones rising slightly, after the Labor Department reported that U.S. producer prices fell a record 2.8% in October, the most since 1947.

Excluding food and energy, core producer prices rose 0.4% in October. Analysts polled by MarketWatch had been looking for a decrease of 1.6% in overall PPI and for a 0.1% increase in the core rate.

Prices paid to U.S. producers rose 5.2 percent from October 2007, after an 8.7 percent gain in the 12 months ended in September.