Inflation cools down, weakening expectations of a rate hike in July. U.S. Treasury bonds slightly rose this week.

According to the Wise Financial APP, the US Treasury bond market saw a slight increase this week, as cooling inflation data boosted market sentiment and offset the pressure from a significant rebound in international oil prices. As a result, traders significantly reduced their bets on a July rate hike by the Federal Reserve. However, the soaring oil prices and continued hawkish signals from Fed officials have kept expectations of another rate hike before the end of the year alive in the market.