The call for interest rate cuts is growing! The US bond yield curve is sharply steepening, with the 2/10-year Treasury yield spread hitting the lowest level in nine months

The U.S. Treasury yield curve has steepened sharply, as investors believe that the Federal Reserve may cut interest rates faster and more aggressively than expected. The yield on 2-year U.S. Treasury bonds has fallen, while the yield on 10-year bonds has risen, narrowing the yield spread between the two to the lowest level in nine months. This indicates that the market sees a 100% probability of a rate cut in September. On Wednesday, the 30-year U.S. Treasury bond yield reached its highest level since July 5th. Investors are expecting Trump to win the presidential election in November. The steepening yield curve also reflects the market's repricing of stock market sell-offs and election news