Government bond yields eased globally after fresh U.S. data pointed to cooling inflation and slower job growth, prompting traders to advance expectations of a Federal Reserve rate cut to March 2026. The U.S. 10-year Treasury yield slipped to 3.96%, while Germany’s Bund yield fell to 2.29%. Asian sovereign bonds followed the move. Analysts said the soft data reinforces a gradual disinflation trend, supporting risk assets but keeping markets sensitive to energy price volatility and geopolitical developments heading into year-end. The dollar index edged lower on expectations of policy easing.