US Treasury yields fell sharply, and the dollar weakened due to inflation data.

According to ChainCatcher, citing Jinshi, as core inflation unexpectedly dipped slightly in December, investors rushed to buy US government bonds, causing a sharp drop in US Treasury yields and a sell-off in the US dollar. US core inflation rose 2.6% year-on-year in December, failing to accelerate to the predicted 2.7%. While these inflation indicators are unlikely to change expectations that the Federal Reserve will keep interest rates unchanged later this month, they may alleviate concerns that accelerating inflation could delay a new round of rate cuts.