US Treasury yields and the dollar decline as inflation concerns ease

Odaily Planet Daily News: US Treasury yields and the dollar fell as oil prices dropped over 3% and the market reassessed the outlook for US interest rates. According to the CME FedWatch Tool, the probability of one rate hike this year remains high at 42%, while expectations for a second rate hike have decreased to 28% from 34% a week ago, as inflation expectations cool. A survey by The Wall Street Journal projects that the University of Michigan Consumer Sentiment Index, set to be released at 10:00 AM ET (10:00 PM Beijing time), will rise from 44.8 to 49. (Jin Shi)