Influenced by U.S. data, U.S. Treasury yields and the dollar declined, with the 10-year Treasury yield dropping to 4.371%

Odaily Planet Daily News: U.S. Treasury yields and the dollar fell as U.S. data sent mixed signals, and oil prices dropped below pre-war levels. The year-over-year increase in the May PCE met average expectations, accelerating from 3.8% to 4.1%.

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