After the release of US data, US bonds fell to intraday lows, and the yield curve flattened significantly.

On August 15, Jinshi Data reported that US Treasury futures fell sharply to their intraday lows, and the yield curve flattened significantly. Prior to this, US retail sales data exceeded expectations, and the number of initial jobless claims in the US last week was 227,000, lower than the expected 235,000. Overnight index swaps (OIS) linked to the Federal Reserve's meeting showed that the rate cut in September was about 29 basis points, compared to 32 basis points at Wednesday's close. During the day, the yield on US 2-year Treasury bonds rose as much as 10 basis points to around 4.06%. After the data was released, the front and middle sections of the curve fell, with the 2-year and 10-year yields flattening by 3 basis points and 4 basis points, respectively, and the 5-year and 30-year yields flattening by 3 basis points and 4 basis points.