<p>U.S. Treasury bonds rose, with mid-term varieties leading the gains, as traders prepared for the $44 billion 7-year new bond sale and the Thanksgiving holiday. The yield on the 10-year U.S. Treasury bond fell by 5 basis points to 4.25%, the lowest since November 6; Tuesday's 5-year bond auction saw strong demand. The money market maintained bets on a 14 basis point rate cut by the Federal Reserve next month, but increased bets on rate cuts next year, expecting a total cut of 75 basis points by the end of 2025</p>

<p>U.S. Treasury bonds rose, with mid-term varieties leading the gains, as traders prepared for the $44 billion 7-year new bond sale and the Thanksgiving holiday. The yield on the 10-year Treasury bond fell by 5 basis points to 4.25%, the lowest since November 6. Demand for the 5-year Treasury bond auction was strong. The money market maintained bets on a 14 basis point rate cut by the Federal Reserve next month and increased expectations for rate cuts next year, anticipating a 75 basis point cut by the end of 2025</p>

U.S. Treasury bonds rise as Thanksgiving holiday approaches and 7-year Treasury bond issuance is imminent