TechFlow news, on June 29, Capital Economics Asia-Pacific Market Head Thomas Mathews stated in a report that the US Treasury bond rally, which previously drove yields lower, is expected to lose momentum, while German government bonds may rise further. He stated that US Treasury bonds face some key tests this week. He pointed out that one of the key reasons for the Fed to cut interest rates is to protect the health of the labor market. "But recent labor market momentum has strengthened, and we expect the US June employment report released later this week to show strong performance again," Mathews said, noting that it is becoming increasingly clear that labor market conditions will not be a reason to delay tightening policy. "This may be the biggest risk facing US Treasury bonds recently, but not the only risk." (Jin10)
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