U.S. Bond yields fell after mixed data that affirmed market concerns about U.S. inf while showing softer growth. April durable goods orders rose 7.9% vs Wall Street Journal consensus 3.5%, largely driven by a surge in non-defense aircraft orders. Q1 GDP second estimate was unexpectedly revised down to 1.6% from 2.0%. Weekly initial jobless claims rose to 215k (from a revised 210k), above expectations. PCE inf rate accelerated to 3.8% from 3.5% as expected. The 10-year U.S. Bond yield is at 4.485

U.S. Bond yields fell after mixed data that affirmed market concerns about U.S. inf while showing softer growth. April durable goods orders rose 7.9% vs Wall Street Journal consensus 3.5%, largely driven by a surge in non-defense aircraft orders. Q1 GDP second estimate was unexpectedly revised down to 1.6% from 2.0%. Weekly initial jobless claims rose to 215k (from a revised 210k), above expectations. PCE inf rate accelerated to 3.8% from 3.5% as expected. The 10-year U.S. Bond yield is at 4.485% (pre-data 4.508%); the 2-year is 4.045% (pre-data 4.070%).