The yield on US Treasury bonds is decreasing, influenced by investors' concerns about growth risks entering their field of vision.

Despite the rise in oil prices, the yield on U.S. Treasury bonds fell during the Asian trading session as bond investors gradually shifted their focus from inflation concerns to the growth risks brought about by the Middle East conflict. Elmar Voelker, Senior Fixed Income Analyst at LBBW, said in a report that the damage and disruptions caused to the energy industry so far may continue to have an impact in the near future, and could also affect other areas of the economy. LBBW predicts that the economies on both sides of the Atlantic will suffer a growth loss of approximately 0.25 percentage points this year compared to previous baseline scenarios. According to data from Tradeweb, the yield on 2-year U.S. Treasury bonds fell by 3.9 basis points to 3.875%, while the yield on 10-year U.S. Treasury bonds fell by 5.2 basis points to 4.387%.