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U.S. Treasury yields and the dollar fell as inflation concerns eased
Svmuu News: As oil prices fell more than 3% and the market reassessed the outlook for U.S. interest rates, U.S. Treasury yields and the dollar declined. CME Group(CME) Federal Reserve’s monitoring tool shows that the probability of one rate hike this year remains high at 42%, while the probability of a second hike has fallen from 34% a week ago to 28% as inflation expectations cool.A Wall Street Journal survey indicates that the University of Michigan Consumer Sentiment Index, scheduled for release at 10 a.m. Eastern Time (10 p.m. Beijing time), is expected to rise from 44.8 to 49. (Jin Shi)
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