Long-term US Treasury bonds fell, as the rebound in global stock markets weakened the appeal of safe-haven assets, and Federal Reserve Chairman Kevin Walsh's speech did little to change interest rate prospects. This wave of decline once drove 10-year to 30-year US Treasury yields up more than 5 basis points, but after the opening of the US stock market at 9:30 a.m. New York time, the stock prices of large technology companies fell, driving the increase in treasury bond yields to narrow. Short-term US Treasury yields also erased gains after the stock market opened. US Treasury yields hit their lowest level in weeks on Thursday. The rise was also supported by market expectations, that is, the US government may cut the supply of longest-term bonds starting next month. The questionnaire to be released at 12 noon Washington time may address this possibility. Meanwhile, the market still expects the Federal Reserve to keep interest rates unchanged at the meeting at the end of this month and raise interest rates in December. On Friday morning, during a discussion at the International Monetary Fund's annual meeting in Bangkok, Walsh did not discuss monetary policy or his outlook on the US economy. Due to the lack of new guidance, the trend of US Treasury bonds was dominated by global risk appetite, which improved moderately on Friday. This reverses market sentiment the day before, when stocks related to artificial intelligence were drastically sold off, prompting investors to buy US Treasury bonds for safe haven.

Zhitongcaijing · 1d ago
Long-term US Treasury bonds fell, as the rebound in global stock markets weakened the appeal of safe-haven assets, and Federal Reserve Chairman Kevin Walsh's speech did little to change interest rate prospects. This wave of decline once drove 10-year to 30-year US Treasury yields up more than 5 basis points, but after the US stock market opened at 9:30 a.m. New York time, the stock prices of large technology companies fell, driving the increase in treasury bond yields to narrow. Short-term US Treasury yields also erased gains after the stock market opened. US Treasury yields hit their lowest level in weeks on Thursday. The rise was also supported by market expectations, that is, the US government may cut the supply of longest-term bonds starting next month. The questionnaire to be released at 12 noon Washington time may address this possibility. Meanwhile, the market still expects the Federal Reserve to keep interest rates unchanged at the meeting at the end of this month and raise interest rates in December. On Friday morning, during a discussion at the International Monetary Fund's annual meeting in Bangkok, Walsh did not discuss monetary policy or his outlook on the US economy. Due to the lack of new guidance, the trend of US Treasury bonds was dominated by global risk appetite, which improved moderately on Friday. This is a reversal of market sentiment the day before, when stocks related to artificial intelligence were drastically sold off, prompting investors to buy US Treasury bonds for safe haven.