Due to escalating concerns over economic growth amid Middle East conflicts, U.S. Treasury yields fell during the Asian trading session. According to Jin10, investors are closely monitoring the JOLTS job openings data. A month after the outbreak of war between the U.S., Israel, and Iran, there are no signs of the situation cooling down. High oil prices may not only drive inflation but also slow global economic growth by weakening consumer demand. Olivier Assier from SimCorp noted in a report that the initially unlikely scenario of stagflation is becoming increasingly credible. According to Tradeweb data, the yield on two-year U.S. Treasury notes fell by 2.1 basis points to 3.806%, while the yield on ten-year notes decreased by 1.9 basis points to 4.322%.