U.S. Treasury Yields Drop 3-5 Basis Points as Oil Falls to One-Month Low

According to market data, U.S. Treasury yields declined 3-5 basis points on Tuesday (June 9) as crude oil prices fell to their lowest levels in over a month, easing inflation concerns. West Texas Intermediate (WTI) futures dropped over 5%, while Brent crude fell more than 4%, as weak Chinese demand signals pressured global energy markets.

Economists surveyed by Bloomberg expect May consumer inflation to accelerate to 4.2% year-over-year from April's 3.8%, marking a three-year high, while core inflation (excluding food and energy) is projected to rise to 2.9% from 2.8%. The data will be released on Wednesday (June 10).