TechFlow, October 15 — According to Jinshi Data, Capital Economics' Deputy Chief Market Economist Jonas Goltermann said that U.S. Treasury yields may be nearing a bottom. He noted that recent declines in Treasury yields were driven by renewed trade tensions, but "unless there is a genuine resurgence of the trade war, we do not expect Treasury yields to fall significantly further in the near term." Goltermann explained that the main reason Treasury yields are currently at relatively low levels is that "in recent months, the Fed's policy outlook has clearly shifted toward rate cuts," even though concerns about an economic downturn have eased. He added that Fed Chair Powell made it clear in his Tuesday speech that the central bank still intends to continue cutting rates.
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