Falling oil prices are depressing inflation expectations, prompting traders to lower expectations of the Federal Reserve's interest rate hike, and US bonds continue to rise. US 10-year Treasury yields fell 5 basis points to 4.97%; 5-year Treasury yields fell 6 basis points to 4.82%. The biggest drop in Brent crude oil reached 2.2% to $103.62 per barrel, the lowest level since September 11. According to the interest rate swap market, the market expects the Fed to raise interest rates by 69 basis points by the end of 2027. On Wednesday, the forecast was 76 basis points. The performance of German treasury bonds and British treasury bonds was weaker than that of US bonds, following adjustments in the US market; after the Federal Reserve raised interest rates by 25 basis points on Wednesday, US bond yields previously rose. German 10-year Treasury yields remained flat at 3.51%, while UK 10-year Treasury yields fell 1 basis point to 5.28%.

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