US Treasury yields fell as markets weighed economic growth against inflation risks.

U.S. Treasury yields continued to decline from their highs. Investors are gradually shifting their focus to the risks to economic growth from the Middle East conflict and inflationary pressures. Soaring energy prices have fueled inflation concerns, prompting the market to significantly lower its expectations for U.S. interest rate cuts. However, the Federal Reserve will have to weigh growth against inflation risks. Konstantinos Chrysikos of Kudotrade stated in a report that a series of U.S. economic data released this week (including Friday's non-farm payroll data) will be crucial in shaping monetary policy expectations. Tradeweb data shows that the two-year U.S. Treasury yield fell 2.3 basis points to 3.893%; the 10-year yield fell 4 basis points to 4.400%. (Jinshi)