Jin10 data reported on September 16th, during the European trading session, U.S. Treasury yields remained stable as the market awaited Tuesday's retail sales data and the Fed's interest rate decision. Konstantinos Chrysikos from Kudotrade stated in the report: “If the retail sales data is weak, it will provide more support for further easing policies, which may suppress both Treasury yields and the dollar; if the data unexpectedly improves, it may bring a brief relief to the market.” Currently, the market generally expects the Fed to cut rates by 25 basis points. Chrysikos added: “The labor market data has quickly softened, pushing the market to bet that the Fed needs to accelerate its rate-cutting pace—currently, the market is not only increasingly digesting the expectations for a rate cut in September, but the pricing for further cuts in October and December is also warming up.”
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