US Treasury Yields Decline After Fed Rate Cut as Market Focus Shifts to Economic Data

Deep News12-11

Following the Federal Reserve's expected rate cut on Wednesday, US Treasury yields fell during Asian afternoon trading as market attention turned back to economic data. Neil Keane, Global Head of Sales at ADSS, noted: "The market will quickly shift focus to the delayed nonfarm payrolls data, postponed to next week due to the US government shutdown—this will serve as the next major catalyst."

The head of the UAE-based trading platform added that risks remain two-sided as the year-end approaches, with AI-related valuation concerns continuing to weigh on investors and overall market sentiment.

According to Tradeweb data, the two-year Treasury yield dropped 3.5 basis points to 3.529%, the 10-year yield declined 3.9 basis points to 4.124%, and the 30-year yield fell 3.5 basis points to 4.760%.

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