Group 1 - U.S. Treasury prices have declined ahead of key economic data releases, with expectations of rising inflation pressures that may weaken market expectations for Federal Reserve rate cuts [1][3] - The yield on the 10-year Treasury rose by 1 basis point to 4.04%, ending a three-day upward trend, while earlier it had dropped to the lowest level of the month [1] - Economists anticipate a rebound in the Producer Price Index (PPI) data, which is set to be released soon [1] Group 2 - Traders are betting on an approximately 80% probability of a 25 basis point rate cut by the Federal Reserve on December 10, but a rebound in inflation could impact future policy direction [3] - The Chief Investment Officer at Northern Trust Asset Management indicated that delayed economic data due to government shutdowns may lead the Fed to implement a "preventive rate cut" next month [3] - The U.S. Treasury is set to auction 5-year notes and restart the issuance of 2-year notes, with investors showing avoidance in recent short-term Treasury auctions [3] Group 3 - There is a risk that yields may retreat from current levels as the 10-year yield approaches the critical 4% level, which has previously acted as resistance [4]
通胀预期重燃！PPI公布在即 美债市场率先承压
智通财经网·2025-11-25 12:40