US Treasury yields fall, influenced by economic data

In April, durable goods orders in the United States increased by 7.9%, higher than the expected 3.5%, mainly due to a surge in non defense aircraft orders. The GDP growth rate for the first quarter was revised down from 2.0% to 1.6%. The number of initial jobless claims per week has risen to 215000, higher than the revised 210000 and market expectations. The PCE inflation rate rose from 3.5% to 3.8%, in line with expectations. The yield of 10-year US Treasury bonds has dropped to 4.485% (4.508% before data release), and the yield of 2-year bonds has dropped to 4.045% (4.070% before data release).