Citigroup: The pace of interest rate cuts by the Federal Reserve is expected to keep demand for long-term U.S. Treasuries weak

Citigroup's investment research strategists stated that due to the expectation of a slow pace of interest rate cuts, demand for long-term U.S. Treasuries is likely to remain weak in the coming months. These strategists noted, "The relatively slow pace of monetary easing in the coming months is expected to limit demand for long-term U.S. Treasuries." They also mentioned that the political pressure faced by the Federal Reserve further reinforces the views of Citigroup's strategists