Core Viewpoint - A potential decline in oil prices may lead to a decrease in benchmark U.S. Treasury yields, possibly bringing the 10-year yield down to 3.75% if the Federal Reserve lowers interest rates next week [1] Group 1: Oil Prices and Economic Impact - Concerns over global economic slowdown and oversupply of crude oil have driven U.S. WTI crude prices to their lowest level since the rebound from the COVID-19 pandemic [1] - This decline in oil prices is expected to help lower overall consumer inflation rates and enhance consumer purchasing power [1] Group 2: Treasury Yields and Market Reactions - The recent drop in oil prices is anticipated to provide additional momentum for the rise in U.S. Treasury bonds, which have already been influenced by rate cut bets and concerns surrounding regional banks [1] - As of the recent Asian trading session, the 10-year Treasury yield was approximately 3.98%, having decreased by about 17 basis points since the beginning of the month [1]

Core Insights - The annual consumer inflation rate in Russia as of July 28 is reported at 9.02%, a decrease from 9.17% the previous week [1] Group 1 - The current inflation rate indicates a slight improvement in the economic situation compared to the previous week [1]

Economic Growth - The Russian economy experienced a year-on-year growth of 1.4% in the first quarter [1] Freight and Inflation - Freight transport saw a year-on-year decline of 0.9% in May [1] - The weekly consumer inflation rate as of the week ending June 30 was recorded at 0.07%, an increase from 0.04% the previous week [1]

Group 1 - The European Commission forecasts that the consumer inflation rate in the Eurozone will slow from 2.4% in 2024 to 2.1% in 2025, and further decrease to 1.7% in 2026 [1]

Group 1 - The weekly consumer inflation rate in Russia as of May 5 was 0.03%, down from 0.11% the previous week [1]