U.S. Treasury Yields and Dollar Fall as Oil Prices Drop Over 3% on June 26

According to Jin10, U.S. Treasury yields and the dollar declined on June 26 as oil prices fell more than 3% and markets reassessed U.S. interest rate expectations. CME's Fed Watch Tool shows the probability of one rate hike this year remains elevated at 42%, while the likelihood of a second hike dropped to 28% from 34% a week earlier, reflecting cooling inflation expectations.
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