Core Viewpoint - BNP Paribas analysts reported a profit-taking on a short position in 10-year U.S. Treasury bonds after the bank's interest rate cut, indicating a focus on the U.S. labor market's weakness and its impact on interest rates [1] Group 1: Interest Rate Actions - BNP Paribas cut interest rates as expected on Wednesday [1] - The bank established a short position in 10-year U.S. Treasury bonds at a yield of 4.09% and closed it at a yield of 4.15% [1] Group 2: Market Reactions - Analysts believe that the Federal Reserve's imbalanced response function will exert pressure on the interest rate market ahead of the next employment data release [1] - The 10-year U.S. Treasury yield decreased by 3.1 basis points, currently reported at 4.132% according to Tradeweb [1]