According to Odaily, U.S. Treasury investors are increasingly betting that the Federal Reserve will shift its focus from curbing inflation to addressing slowing economic growth. This expectation has led to a six-day consecutive rise in U.S. Treasury prices, with yields dropping to their lowest levels this year. Morgan Stanley strategists suggest that if market expectations regarding Federal Reserve policy change slightly, the yield on 10-year U.S. Treasuries could fall below 4%. Currently, traders have resumed expectations for the Federal Reserve to cut interest rates twice this year, each by 25 basis points, and anticipate further reductions next year to around 3.65%. The firm believes that if market expectations adjust to a rate of 3.25%, the 10-year Treasury yield could indeed dip below 4%.