Traders increase bets on Fed rate cut after U.S. PCE data

PANews reported on May 31 that according to Jinshi, after the release of the US PCE data, US Treasury yields fell, with the 10-year Treasury yield falling 2.4 basis points to 4.528%. The US two-year Treasury yield fell to 4.922% after the release of the PCE data. US short-term interest rate futures rose after the release of the US data as traders increased their bets on the Federal Reserve to cut interest rates. Pricing in the interest rate swap market remained stable, and the Federal Reserve is expected to cut interest rates at least once in 2024.