According to Jinshi Data, analysts at TD Securities said that the fate of the global interest rate market ultimately depends on the Federal Reserve. TD Securities expects the Federal Reserve to cut interest rates further, which will lead to a decline in U.S. Treasury yields and other bond yields.
Analysts pointed out in the report that as the easing cycle progresses, pricing for the Fed's long-term policies will ease, and the impact of falling Treasury yields will also be transmitted to bond markets in other developed markets.