Lates News

Against the background of the possible escalation of conflicts in Iran and US inflation essentially meeting expectations, US bond yields and the US dollar remained stable on Tuesday. The overall CPI year-on-year rate accelerated from 3.8% in April to 4.2% in May. The core inflation rate excluding energy and food slightly increased from 2.8% last month to 2.9%. The market expects the Federal Reserve to maintain interest rates next week while there is a high probability of future rate hikes. In addition, Trump launched an attack on Iran, stating that negotiations with Tehran were taking too long. Currently, the US Dollar Index (DXY) is near 99.90; the 10-year Treasury bond yield is 4.526% and the 2-year Treasury bond yield is 4.127%, with little change from yesterday.