US Treasury yields declined slightly, although the minutes of the Federal Reserve meeting showed that some policymakers were wary of further interest rate cuts in the near future. Interest rates are still expected to fall in 2026, especially since outsiders expect US President Trump to appoint a candidate supporting interest rate cuts to replace Federal Reserve Chairman Jerome Powell. According to data from the London Stock Exchange Group, the US money market expects a 17% chance of cutting interest rates in January and a 53% chance of cutting interest rates in March, but it is still expected that there will be two 25 basis point interest rate cuts in 2026. Citibank analysts said in a report that they expect interest rates to fall as the market's focus increasingly shifts from inflation risk to employment risk. The 10-year US Treasury yield fell 1.4 basis points to 4.114%, according to Tradeweb data.

US Treasury yields declined slightly, although the minutes of the Federal Reserve meeting showed that some policymakers were wary of further interest rate cuts in the near future. Interest rates are still expected to fall in 2026, especially since outsiders expect US President Trump to appoint a candidate supporting interest rate cuts to replace Federal Reserve Chairman Jerome Powell. According to data from the London Stock Exchange Group, the US money market expects a 17% chance of cutting interest rates in January and a 53% chance of cutting interest rates in March, but it is still expected that there will be two 25 basis point interest rate cuts in 2026. Citibank analysts said in a report that they expect interest rates to fall as the market's focus increasingly shifts from inflation risk to employment risk. The 10-year US Treasury yield fell 1.4 basis points to 4.114%, according to Tradeweb data.