After a deep analysis of market data, sentiment has shifted as US Treasury bond yields have turned from rising to falling.

As the market digests today's released data, the yield on US Treasury bonds has dropped. Initially, the yield rose after the announcement of a decrease in initial jobless claims and retail sales exceeding expectations - these data show the resilience of the US economy and also support market bets on the Federal Reserve maintaining a hawkish stance. However, Pantheon Macroeconomics analyst Samuel Toms pointed out in a report that the decrease in initial jobless claims was influenced by a smaller-than-usual shutdown of summer auto factories. He expects the unemployment rate to trend upwards. Another economist from the institution, Oliver Allen, stated that the "inside story" of retail sales growth is not as bright, and there are risks of weakness in future trends.