Despite rising oil prices, U.S. Treasury yields fell in Asian trading as bond investors gradually shifted their focus from inflation fears stemming from the Middle East wars to growth risks. Elmar Voelker, senior fixed-income analyst at Baden-Württemberg Bank, stated in a report that the disruptions and damage to the energy sector so far are likely to have lasting effects and could ripple through other sectors of the economy. The bank projects that economies on both sides of the Atlantic will suffer approximately 0.25 percentage points of growth loss this year compared to its previous lead scenario. Tradeweb data shows that the two-year U.S. Treasury yield fell 3.9 basis points to 3.875%, and the ten-year U.S. Treasury yield fell 5.2 basis points to 4.387%. (Jinshi)