🔎 𝐔.𝐒. 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐲 𝐑𝐚𝐥𝐥𝐲 𝐒𝐢𝐠𝐧𝐚𝐥𝐬 𝐅𝐞𝐝 𝐏𝐨𝐥𝐢𝐜𝐲 𝐒𝐡𝐢𝐟𝐭?

Investors are betting on a Federal Reserve pivot, shifting focus from inflation control to slowing economic growth.
Treasury yields have hit year-to-date lows, with the 10-year yield approaching 4% amid rising expectations of rate cuts.

🔹 Morgan Stanley: A shift in rate expectations to 3.25% could push 10-year yields even lower.
🔹 Traders now price in two 25 bps cuts in 2024, with rates potentially falling to 3.65% next year.

As economic conditions evolve, the market remains on edge for the Fed’s next move. 📉 #UStreasury