The US treasury bond yields and the weakening of the US dollar were mildly affected by inflation data.

Due to inflation data in December slightly below expectations, investors have been buying US treasuries, causing a significant decrease in US treasury yields, while also selling the US dollar. The year-over-year overall CPI increase was 2.7%, in line with the average expectation of The Wall Street Journal. However, the year-over-year core inflation rate was 2.6%, not accelerating to the expected 2.8%. These indicators are unlikely to change the market's expectation that the Federal Reserve will keep interest rates unchanged later this month, but may alleviate concerns that accelerating inflation will delay a new round of rate cuts. The 10-year treasury yield is 4.171%, and the 2-year treasury yield is 3.516%. The Wall Street Journal US Dollar Index has given back its early gains and is currently flat.