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U.S. Treasury yields fell ahead of the data release in the U.S.
According to Mars Finance, U.S. Treasury yields fell during afternoon trading in Asia, as the upcoming ISM index and employment market data may support expectations for interest rate cuts by The Federal Reserve (FED) this year. Helaba analysts stated in a report: "Speculation about rate cuts is unlikely to weaken before the end of this week." The decline in yields is driven by long-term government bonds, leading the yield curve to flatten after steepening the previous day. (Jin10)