US Treasury yields and the US dollar fell under the influence of US data, with the 10-year Treasury yield dropping to 4.371%.

According to Odaily, as US data sent mixed signals and oil prices fell below pre-war levels, US Treasury yields and the US dollar declined. The year-on-year increase in the PCE for May 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 4.5% in May, compared to the average expectation of a 4% contraction. Meanwhile, the real GDP annualized quarterly rate 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 fell to 215,000, while the average expectation was 223,000. The 10-year Treasury yield fell to 4.371% from 4.414% earlier. The 2-year Treasury yield fell to 4.107% from 4.162%. (Jin Shi)