US Treasury Yields Fall Ahead of US Data Release

According to Jinse Finance, U.S. Treasury yields fell during afternoon trading in Asia, as the upcoming ISM index and labor market data may support expectations for a Federal Reserve rate cut later this year. Helaba analysts stated in a report, "Speculation about rate cuts is unlikely to subside before the end of this week." The decline in yields was driven by long-term government bonds, causing the yield curve to flatten after steepening the previous day. (Jin10)