The US-Japan trade agreement cools down safe-haven demand, and US Treasury yields rebound after five consecutive declines
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U.S. Treasury bonds fell in price due to weakened safe-haven demand from the U.S.-Japan trade agreement, with the 10-year Treasury yield rising 3 basis points to 4.38%. Yields on German and British government bonds also increased. Market expectations have risen regarding whether the U.S. can reach other trade agreements before August 1, while attention is focused on the upcoming issuance of $13 billion in 20-year Treasury bonds. The Federal Reserve is expected to maintain interest rates in the range of 4.25% to 4.5%, with a potential rate cut of 25 basis points in October
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