报告：美国国债收益率限于窄幅区间

Core Viewpoint - Recent factors have constrained U.S. Treasury yields within a narrow trading range, as noted by RJ Gallo of Federated Hermes [1] Group 1: Federal Reserve Actions - The Federal Reserve has lowered its target federal funds rate to a neutral range and indicated a tendency to adopt a wait-and-see approach [1] - The market is anticipating the nomination of a potentially dovish Federal Reserve chair by President Trump [1] Group 2: Geopolitical Events - Ongoing geopolitical events are evolving, but the market believes these events are unlikely to alter the recent macroeconomic trajectory [1]