法国外贸银行：预计美债收益率曲线中期内将趋陡

Core Viewpoint - The French Foreign Trade Bank expects the U.S. Treasury yield curve to steepen in the medium term, driven by a faster decline in short-term rates compared to long-term rates [1] Summary by Relevant Sections - Interest Rate Outlook - The bank's report indicates that the recent meeting did not provide significant new information to alter the medium-term outlook on interest rates [1] - The anticipated steepening of the yield curve is expected to manifest more prominently later this year [1] - Market Expectations - The forecast is based on market expectations that the Federal Reserve will initiate interest rate cuts in October and reduce the policy rate to a range of 2.75%-3.00% by June 2026 [1] - Upcoming Economic Indicators - The upcoming non-farm payroll report and CPI data are highlighted as important indicators, along with the minutes from the recent meeting, which will be released on August 20, coinciding with the Jackson Hole global central banking conference [1]