U.S. Treasury yields fell in afternoon trading in Asia as upcoming ISM and labor market data could support expectations that the Federal Reserve will cut interest rates this year.
"Rate cut speculation is unlikely to subside by the end of the week," Helaba analysts said in a note. The decline in yields was driven by long-dated government bonds, causing the yield curve to flatten after steepening the day before. (Golden Ten)
Treasury yields fell ahead of the release of U.S. data
2025-07-03 06:11:33
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