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 Thursday's PCE Price Index Release to Shine a Spotlight on Inflation Trends READ MORE Asia gold: Dealers grapple as sky-high rates erode demand in key hubs READ MORE Household Debt Climbs but Economy Shows Signs of Robust Growth READ MORE BRICS Expansion and De-Dollarization Efforts Challenge USand EU Economic Dominance READ MORE Mortgage Markets Shudder as Interest Rates Soar Past 7% READ MORE Add a Comment Cancel replyYour email address will not be published.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