The U.S. 10-Year Yield Hits 7-Week Low

BlockBeats News, June 25th: The U.S. 10-year Treasury yield fell below 4.40%, hitting a seven-week low. The previously released inflation data was lower than expected, easing the market's anticipation of multiple rate hikes by the Federal Reserve. The decline in oil prices also helped alleviate inflation concerns. However, robust consumer spending and the resilience of the economy continue to support the expectation of at least one Fed rate hike this year.