ChainCatcher news, UBS strategist Emmanouil Karimalis pointed out in a report that before the Federal Reserve is expected to cut interest rates on September 18, the recent trend of US Treasury bonds and yield curves seems to be more obvious than the average and median of comparable historical periods in the past.

"The bond market usually rebounds when the Fed cuts interest rates, but compared with past cycles, the recent rebound has been larger, and the increase in 10-year (US Treasury bonds) in the past month is the largest in recent history." He said that compared with the Fed's last three interest rate cut cycles, the current market pricing also seems to be more overpriced.

According to Tradeweb data, the 10-year US Treasury yield is currently 3.717%, down 23 basis points in the past month. (Jinshi)