U.S. Treasury yields remain steady ahead of the release of key data tonight.

Jin10 data reported on May 15, that U.S. Treasury yields stabilized during early European trading ahead of the release of U.S. retail sales and PPI data. Michael Brown, a senior research strategist at Pepperstone, stated that these data may not have an excessive impact on the market as the Federal Reserve is still assessing the impact of tariffs. “Although there will be a large amount of U.S. data waiting to be released today, to be frank, it’s hard to say if any of this data is particularly important, as the Federal Reserve is firmly in a wait-and-see mode.” Additionally, market participants’ mindset is that “good news is good news, and bad news can be ignored.” The 2-year U.S. Treasury yield is currently flat at 4.047%, while the 10-year yield is also flat at 4.530%.