US 10Y TREASURY: rate cuts are coming?

TVC:US10Y   US Government Bonds 10 YR Yield
The FOMC November meeting minutes were the ones that supported market expectations that the Fed is finished with further rate increases. The rates might stay higher for longer, but the market is currently anticipating that the first rate cut in this cycle might occur in May next year. Treasury yields reacted on the release of the Minutes, where yields were modestly relaxed.

The 10Y Treasury yields started the previous week around level of 4.5%, but quite soon a drop in yields occurred down to the level of 4.36%. The support level at 4.4% has been tested during the whole week. Still, at Friday`s trading session the market was closed at the level of 4.47%. In the week ahead, it could be expected that the market will continue to test the level of 4.4% to the downside. A move toward the higher grounds is possible, but it should not be expected that yields will move higher from 4.5%.


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