Risk aversion outweighs inflation concerns as U.S. Treasury yields decline

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Odaily Planet Daily reports that despite rising oil prices, U.S. Treasury yields fell during Asian trading hours, as bond investors are gradually shifting their focus from inflation fears triggered by the Middle East conflict to growth risks. Elmar Voelker, a senior fixed income analyst at Baden-Württemberg Bank, stated in a report that the damage and disruptions suffered in the energy sector so far are likely to continue impacting other areas of the economy for some time. The bank expects that compared to previous major scenarios, economies on both sides of the Atlantic will experience a growth loss of about 0.25 percentage points this year. Tradeweb data shows that the two-year U.S. Treasury yield fell by 3.9 basis points to 3.875%; the ten-year U.S. Treasury yield fell by 5.2 basis points to 4.387%. (Jin Shi)

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