U.S. Treasury yields fell on Thursday as investors awaited crucial economic data. The 10-year Treasury yield dropped over five basis points to 4.2349%, while the 2-year yield fell to 4.3585%.
On Wednesday, data showed the U.S. PMI flash manufacturing output index for July fell to 49.5, below the expected 51.5, indicating a contraction.
Investors are focusing on upcoming data, including durable goods orders, weekly jobless claims, and a prelimin...

On the "most exciting Wednesday" with both CPI and FOMC meeting, the May inflation data, which cooled down more than expected, once again ignited hopes for interest rate cuts. After the data release, traders increased the probability of a rate cut in September, and expected two more 25 basis points rate cuts this year. This optimistic sentiment even overshadowed the subsequent release of the "hawkish" dot plot, as well as the cauti...