US Yields Fall Amid Weak GDP and Fed Bets

The yield on the 10-year US Treasury note has declined to approximately 4.16%, its lowest in three weeks, following weaker-than-expected US GDP data and higher-than-anticipated inflation readings. US GDP unexpectedly contracted by 0.3% in the March quarter, while both headline and core PCE prices increased, prompting markets to anticipate up to 100 basis points in Federal Reserve rate cuts this year. The US Treasury also announced a larger-than-expected increase in second-quarter borrowing plans, diverging from previous expectations of lower deficits. Investors are advised to recognize the high risks and volatility associated with trading financial instruments and cryptocurrencies, and to seek professional advice before investing. Market data used for decision-making may not always be accurate or provided in real-time, and platforms do not accept liability for losses incurred. Participants should carefully consider their risk tolerance in light of these developments.