🇺🇸 Bond yields indicate the need for a rate cut — U.S. Treasury

The U.S. Treasury Secretary stated that the government bond market is signaling to the Federal Reserve: it's time to lower the rate. The yield on two-year treasuries has dropped to 3.58%, while the base rate remains at 4.33%.

The Federal Reserve's decision will be announced next week. Market expectations are to keep the rate unchanged.