Live Updates > Live Update Details
2025-10-29 18:27:03
[US Treasury Market Holds Breath Awaiting Decision; Yield Curve Narrows Across the Board Ahead of FOMC] ⑴ The spread between 2-year and 10-year Treasury yields fluctuated between 49.1 and 47.7 basis points, last quoted at 48.7 basis points. ⑵ The spread between 5-year and 30-year yields oscillated narrowly between 93.3 and 92.2 basis points, last quoted at 92.9 basis points. ⑶ Yields across all maturities narrowed: 2-year at 3.502%, 5-year at 3.623%, 10-year at 3.991%, and 30-year at 4.552%. ⑷ Trading volume in 10-year Treasury futures was only 192,000 contracts, significantly lower than the recent average, indicating thin market activity. ⑸ The Federal Reserve is about to announce its interest rate decision, with the market widely expecting a 25 basis point cut to the 3.75%-4.00% range. ⑹ Diplomatic trips to Asia and the white-collar unemployment surge triggered by artificial intelligence are key factors influencing market sentiment. (7) The Treasury will auction $69 billion in 17-cycle Treasury bonds and $30 billion in 2-year floating-rate notes. (8) Investors remain cautious ahead of major risk events, resulting in low trading volume and narrow price fluctuations in the bond market.
