Banking Sector Woes Propel Treasury Rally, Rate Cut Forecasts Treasury yields saw a significant drop on Thursday, driven by a continued downturn in U.S. financial stocks, which fueled trader speculation of an accelerated timeline for Federal Reserve interest rate cuts. The five-year U.S. Treasury yield decreased by up to 9 basis points, reaching its lowest point since June at 3.75%. This movement reflects a growing anticipation among traders for a more substantial total reduction in Fed interest rates throughout the year, with swap contracts even hinting at the possibility of rate cuts commencing as early as March. This shift in expectations comes despite Federal Reserve Chair Jerome Powell’s recent remarks suggesting such moves were unlikely in the near term. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver Price Forecast – Silver Continues to Look Strong READ MORE Rising Tide of Corporate Debt Defaults: An 80% Surge in 2023 Signals Troubling Trends Ahead READ MORE Gold Market Shines During Spring Festival, Yet Slower Growth Expected Ahead READ MORE Inflation seems stubborn, but people keep spending. What’s going on? READ MORE Deciphering the U.S. Economy's Post-Pandemic Strength READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment