TechFlow news, October 21 — According to Jinshi Data, despite the lack of immediate new catalysts, U.S. Treasury yields declined during mid-European trading hours, as market sentiment continues to be dominated by expectations of Fed rate cuts.
Daniel Takieddine, analyst at Sky Links Capital Group, noted in a research report: "Rising market expectations for Fed easing have already fully priced in 25-basis-point rate cuts next week and in both this year and next, which could continue to drive yields lower." Prior to this, markets are awaiting Friday's inflation data release. Data from Tradeweb shows that the two-year Treasury yield dipped 0.3 basis points to 3.459%, while the ten-year Treasury yield fell 1 basis point to 3.977%.
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