U.S. Treasury yields fell, and the market expects the Federal Reserve to continue cutting interest rates

ChainCatcher news, according to Jinshi reports, U.S. Treasury bonds rose slightly on Wednesday as the market expects the Federal Reserve to continue cutting interest rates, while investors bought safe-haven assets. The yield on the 10-year U.S. Treasury bond, if it falls below 4%, will reach its lowest level since early April; the yield on the 2-year U.S. Treasury bond is close to levels seen three years ago. Federal Reserve Chairman Powell stated that due to signs of economic weakness, the Fed may cut rates again this month. He also hinted that the Fed might soon end its balance sheet reduction operations, which also boosted the performance of U.S. Treasury bonds.