Report: US bond yields may further decrease due to upcoming data releases.

Zaheer Anwari of The Revacy Fund stated in a report that if new data strengthens expectations for further interest rate cuts by the Federal Reserve, US Treasury yields may continue to decline. He noted that the drop in US Treasury yields last Friday "reflects increasing market belief that policies may become less tight." The next potential drivers for US Treasury yields and the US dollar are the latest Federal Open Market Committee meeting minutes and fourth quarter GDP data. Anwari also mentioned that the market is now looking forward to the Personal Consumption Expenditures Price Index data on Friday to confirm that price pressures are continuing to slow. "If these indicators confirm a more widespread slowdown in inflation, downward pressure on yields and the US dollar may continue in the coming trading days." According to Tradeweb data, US Treasury yields fell 2-3 basis points during the Asian trading session.