Rates futures traders are pricing in another quarter-point reduction at that meeting, and a total of about 60 basis points of easing by year-end.
“I don’t see much risk of Treasury yields rising substantially from here,” said Thomas Urano, portfolio manager at Sage Advisory Services. “The reality is the major central banks are making capital readily available around the globe. The trade war is also undeniably causing a significant global slowdown, so yields will remain biased downward.”
This article was provided by Bloomberg News.