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U.S. bond yields fall from peak
U.S. bond yields declined after reaching their highest levels in decades, with the 10-year bonds falling to their lowest point since April 2002 and the 30-year bonds since May 2002. This followed an increase on Monday driven by data indicating a slowdown in the service sector growth and elevated inflation indicators. Current expectations suggest an 80% probability of interest rates remaining steady at the upcoming Federal Reserve meeting, while investors await the minutes of the Federal Open Market Committee's next meeting to discuss the future of monetary policy.
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