US employment and GDP data are improving, but under the shadow of policies and tariffs, US bond yields are declining instead of rising

According to Jin Shi, although the US data shows that the economy is experiencing a high degree of policy uncertainty, the yield of US treasury bond bonds still loses its momentum. The number of first-time jobless claims per week in the United States has decreased from an upward revised 225000 to 224000, indicating a resilient labor market. The US gross domestic product (GDP) for the fourth quarter has been revised to grow by 2.4%, while the market had previously expected the data to remain unchanged at 2.3%. The price indicator in the GDP report has weakened. The market is also digesting the news of Trump's announcement of a 25% tariff on imported cars. The yield of 10-year treasury bond and two-year treasury bond was 4.369% and 4.006% respectively, both of which were slightly lower than the level before data release.