Initial jobless claims data slightly exceeded expectations, U.S. Treasury yields reversed their fall.

On May 29, the yield on U.S. Treasury bonds fell sharply after the release of the latest economic indicators in the United States. US GDP contraction in the first quarter was revised to 0.2% from 0.3%, and weekly jobless claims rose to 240,000 from a downward revision of 226,000, higher than market expectations of 230,000. Previously, yields briefly rose as financial market sentiment improved due to legal obstacles to Trump's tariff policy, but reversed after the release of the data. Currently, the yield on the 10-year Treasury note stands at 4.471% and the yield on the 2-year Treasury note stands at 3.978%.