U.S. Treasury yields and the dollar fall as U.S. inflation cools.

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

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