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[QUOTE="SOLIDECN, post: 227540, member: 80239"]
[HEADING=2][JUSTIFY][B]US 10-Year Treasury Yield Hits New Low[/B][/JUSTIFY][/HEADING]
[JUSTIFY]The US 10-year Treasury note yield has dropped below 3.9%, reaching its lowest point since July 26th. This decrease reflects traders' expectations that the Federal Reserve might begin reducing interest rates next year. However, some Fed policymakers have expressed reservations about these expectations.

Last week, the Fed unexpectedly hinted at a potential 75 basis points reduction in interest rates next year. Currently, most investors believe there is a 68% chance of the first rate cut happening in March. Despite this, New York Fed President Williams stated last Friday that the Fed is not actively considering rate cuts at the moment. In contrast, Atlanta Fed President Raphael Bostic, in a discussion with Reuters, mentioned he anticipates two rate cuts in 2024, likely starting in the third quarter.

Today, the market's attention is on the auction of $56 billion in 17-week Treasury bills and $13 billion in 20-year bonds. Additionally, traders are looking forward to the release of the PCE inflation data this Friday.[/JUSTIFY]
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