The two-year U.S. Treasury yield fell short-term by more than 4 basis points, and Federal Reserve's Waller boldly predicted that the FOMC may cut interest rates four times this year

Wallstreetcn
2025.01.16 15:22

After Federal Reserve Governor Waller discussed the recent interest rate cut prospects of the FOMC, the yield on the U.S. 10-year Treasury bond turned lower again during the day, reaching a daily high of 4.6879% at 21:08 Beijing time (shortly before the release of U.S. retail sales data).

The yield on the two-year U.S. Treasury bond briefly plummeted from 4.3%, hitting a daily low close to 4.25%, with an overall decline of more than 1 basis point during the day, and also reached a daily high of 4.3101% at 21:24.

The S&P 500 index rebounded to near flat levels, the Dow Jones Industrial Average fell by less than 90 points, a decline of 0.2%, and the Nasdaq's decline narrowed to 0.16%

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