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Treasuries advance as oil price drop eases inflation concerns
Treasuries gained as oil prices dropped, reducing inflation pressure and supporting government bond demand.
US Treasury yields fell as government bonds advanced after a decline in global oil prices reduced near-term inflation pressures. Lower energy costs helped ease concerns about rising consumer price trends, prompting investors to bid up longer-dated notes. The move came alongside broader risk asset strength, with markets monitoring macro data and supply cues amid mixed economic signals.