US Treasury yields and the U.S. dollar fell amid mixed signals from U.S. economic data, with the 10-year Treasury yield dropping to 4.371%

Odaily Planet Daily reports: As U.S. data sends conflicting signals and oil prices fall below pre-war levels, Treasury yields and the U.S. dollar have declined. The year-on-year increase in the May PCE was in line with the average expectation, accelerating from 3.8% to 4.1%.

Declining energy costs are expected to cool future inflation. Durable goods orders in May fell 4.5%, compared to the average expectation of a 4% contraction. Meanwhile, the annualized quarterly growth rate of real GDP for the first quarter was revised up from 1.6% to 2.1%, against an expectation of 1.7%. Initial jobless claims for this week decreased to 215,000, while the average expectation was 223,000. The 10-year Treasury yield fell to 4.371% from an earlier 4.414%. The 2-year Treasury yield dropped to 4.107% from 4.162%. (Jin Shi)