Expectations of interest rate cuts and trade tensions resonate, with the two-year U.S. Treasury yield approaching its lowest level since 2022
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Due to market expectations that U.S. interest rates will continue to decline, coupled with the renewed escalation of U.S.-China trade tensions, demand for safer assets has increased, leading to a slight rise in U.S. Treasury prices. The yield on the 10-year Treasury fell to 4.01%, while the 2-year yield dropped to 3.47%. Federal Reserve Chairman Jerome Powell hinted at the possibility of another rate cut, resulting in a general strengthening of the global bond market. Investors are focused on the upcoming manufacturing data and speeches from Federal Reserve officials
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