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 Crude Market Heats Up: WTI Climbs 3.3% as Supply-Demand Gap Narrows READ MORE Sprott Money: Gold is About to Break Out READ MORE Bank of Japan Eyes Policy Shift: Ending Negative Rates READ MORE Revolutionary Tax Reforms: Oklahoma and Missouri to Redefine Gold and Silver? READ MORE ING: Gold tops $2,500 for the first time READ MORE Add a Comment Cancel replyYour email address will not be published.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