U.S. Treasury yields fell, as bets on a 50 basis point rate cut by the Federal Reserve resurfaced

2024-09-13 20:52:11

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ChainCatcher news, according to Jinshi reports, based on the CME FedWatch Tool, the bets on a 50 basis point rate cut by the Federal Reserve next week have risen from 28% yesterday to 43%, and U.S. Treasury yields are expected to record a weekly decline. The CPI and PPI data released this week support expectations for a mild performance of the PCE data at the end of this month, leading some investors to anticipate that the Federal Reserve will be more concerned about employment issues.

Meanwhile, The Wall Street Journal reported that officials are considering a more aggressive monetary easing policy as they believe inflation is under control and are worried about employment issues. The 10-year U.S. Treasury is trading around 3.657%, while the 2-year U.S. Treasury is at 3.598%.

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