Thomas Mathews, a macro analyst at KITU, said in a report that despite the recent strong performance of US Treasury bonds, they are expected to struggle for the rest of the year. “The multi-week rise in US Treasury bonds seems to have been suspended,” Mathews said. Federal Reserve Chairman Powell's remarks at the meeting in Sintra, Portugal appear to have been a factor in the suspension of the rally. Powell said that as long as the economy is stable, there will be no rush to cut interest rates. He said, “As far as we are concerned, we doubt that the Federal Reserve will have the evidence needed to cut interest rates before next year, and whether it will succumb to political pressure.” KITU Macro predicts that the Federal Reserve will not cut interest rates until next year.

Thomas Mathews, a macro analyst at KITU, said in a report that despite the recent strong performance of US Treasury bonds, they are expected to struggle for the rest of the year. “The multi-week rise in US Treasury bonds seems to have been suspended,” Mathews said. Federal Reserve Chairman Powell's remarks at the meeting in Sintra, Portugal appear to have been a factor in the suspension of the rally. Powell said that as long as the economy is stable, there will be no rush to cut interest rates. He said, “As far as we are concerned, we doubt that the Federal Reserve will have the evidence needed to cut interest rates before next year, and whether it will succumb to political pressure.” KITU Macro predicts that the Federal Reserve will not cut interest rates until next year.