"Understanding the Recent Fluctuations in Treasury Yields"

The 10-year U.S. Treasury yield saw a slight increase at the start of the second quarter, while the 2-year yield dipped marginally, with investors considering the latest U.S. inflation figures. The data, showing a 2.8% rise in the Fed's preferred inflation gauge, is likely to support the belief that the Federal Reserve will refrain from cutting rates at its upcoming meeting. Market expectations indicate a possibility of a rate cut in June, but some analysts argue for a more patient approach, while others foresee a need for more aggressive action due to a weakening job market and easing inflation.