U.S. Treasury Yields and Dollar Fall as U.S. Inflation Cools

Jin10 Data reported on May 13 that U.S. Treasury yields and the dollar weakened as bond sell-offs triggered by a trade truce faded amid cooling inflation. The U.S. CPI annual rate for April was 2.3%, slightly lower than March's 2.4%. The U.S. Bureau of Labor Statistics stated that the April data was the smallest reading since February 2021. The core CPI annual rate remained at 2.8%, in line with expectations. After the data release, the 10-year U.S. Treasury yield fell to 4.442%, and the 2-year U.S. Treasury yield also declined to 3.975%. The dollar index dropped by 0.3%.