Initial application data slightly exceeded expectations, and U.S. Treasury yields reversed their downward trend.

After the release of the latest economic indicators in the United States, the yield on U.S. Treasury bonds has fallen significantly. The contraction of the U.S. GDP in the first quarter has been revised from 0.3% to 0.2%, and the weekly initial jobless claims have risen from a downwardly revised 226,000 to 240,000, higher than the market expectation of 230,000. Previously, due to legal obstacles facing President Trump's tariff policies, financial market sentiment improved and yields rose, but the trend reversed after the data was released. Currently, the yield on 10-year Treasury bonds is 4.471% and the yield on 2-year Treasury bonds is 3.978%.