U.S. Treasury yields edge lower, market focus shifts to Federal Reserve decision

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Golden Finance reports that on April 29th, U.S. Treasury yields edged lower.
Although traders continue to closely monitor the Middle East situation, market focus is shifting to Wednesday’s Federal Reserve policy decision, with expectations that interest rates will remain unchanged at 3.50%-3.75%.
The market will look for clues about the future policy path, and the money market has priced in a small risk of rate cuts this year.
Amanda Sundstrom of SEB stated in a report: “In the near term… given the high uncertainty, the Fed may adopt a wait-and-see approach, and our forecast is for a rate cut in December.”
According to Tradeweb data, the two-year U.S. Treasury yield fell by 0.4 basis points to 3.838%; the 10-year U.S. Treasury yield fell by 0.6 basis points to 4.346%.

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