Lates News

As US-Iran peace talks continue and crude oil futures drop by 3%, US bond yields are falling. A survey by The Wall Street Journal shows that US May pending home sales, scheduled to be released at 10am Eastern Time (22:00 Beijing Time), are expected to increase by 1.6% compared to a 6.2% contraction in April. Despite the strengthening of the US dollar, bond yields are still decreasing. Bannockburn analyst Marc Chandler stated that the exchange rate is influenced by the closing of US dollar short positions, while yields are driven by the resilience of the US economy.