US 2-year Treasury yield decreased, trade deficit data once again stirs economic concerns.

The yield on the 2-year Treasury bond in the United States has fallen, impacted by record trade deficits and a series of pessimistic corporate outlooks, causing the market to refocus on the economic pressure that may result from the global trade war. The 2-year yield, which is more sensitive to the Fed's interest rate decisions, has dropped by nearly 4 basis points. Traders currently expect the central bank to cut interest rates by 25 basis points three times this year, with the first rate cut expected to come in September. "Investors are worried that even if there is bad news about the economy, Trump will not adjust his policies, and the Fed will not implement monetary easing," said BNY market macro strategist Bob Savage. "The current positive news is not enough to offset concerns about economic growth and inflation. The market remains uncertain, and risk appetite is generally cooling."