Due to weak housing data, U.S. Treasury yields have fallen.

The yield on US Treasury bonds continued to decline, due to persistent trade policy uncertainty and softer economic indicators in the United States. The number of new housing starts in April was below economists' expectations. However, import prices rebounded after falling in March. The preliminary University of Michigan Consumer Sentiment Index is set to be released, with expectations that it will show an improvement in consumer confidence. According to data from the Chicago Mercantile Exchange, the market expects the Federal Reserve to cut interest rates twice this year.