Odaily News U.S. Treasury yields were boosted by data showing no large-scale layoffs. Initial jobless claims fell to 227,000 last week from an upwardly revised 242,000, below market expectations of 245,000. The data supports market expectations that the Federal Reserve will gradually cut interest rates. The Chicago Mercantile Exchange (CME) "Fed Watch" tool shows that the probability of a 25 basis point rate cut in November has risen from 92% yesterday to 97% now. The U.S. dollar index also rebounded slightly, and the 10-year and 2-year U.S. Treasury yields rose, both slightly higher than before the data was released. (Jinshi Data APP)