The decline in oil prices and dovish comments from Federal Reserve officials boosted bets on interest rate cuts, leading to lower short-term US bond yields.

According to the Intelligent Finance and Economics APP, due to the fall in oil prices and dovish statements from Federal Reserve officials boosting bets on rate cuts, US Treasury bond prices have risen. The yield on the 2-year US Treasury bond, sensitive to monetary policy, fell by 3 basis points to 3.83%. However, long-term US bonds did not perform well, with the 30-year US Treasury bond yield rising by 2 basis points to 4.89%.