The yield on 30-year U.S. Treasury bonds rose to its highest level since September

The price of long-term US Treasury bonds fell, and the yield of 30-year Treasury bonds rose to the highest level since the beginning of September. This week, the impact of the Federal Reserve's interest rate cut and policy stance gradually penetrated the market. The yield of 30-year Treasury bonds rose by 6 basis points to 4.86%, a new high since September 5. It has risen by about 5 basis points this week. The yield of 2-year Treasury bonds was basically flat on Friday and fell slightly this week. Expectations that the Federal Reserve may cut interest rates further next year supported the decline of short-term Treasury yields, while long-term Treasury yields reflected the still high inflation. Chicago Federal Reserve President Goolsbee and Kansas Federal Reserve President Schmid said on Friday that inflation concerns are the main reason why they oppose interest rate cuts and support maintaining the status quo. Edward Harrison, strategist, said: "Mr. Goolsby said he opposed a rate cut because of inflation concerns. With traders still expecting two 25 basis point rate cuts by the end of 2026, his comments suggest downside risks to Treasuries."