Odaily Planet Daily News: Due to concerns about the US economic recession, the market has increased bets on the Fed to cut interest rates. The US 2-year Treasury yield continued its overnight decline and fell to 4.11% in early Asian trading, the lowest level since May 2023. As of press time, interest rate futures show that the market is pricing in an 87BP rate cut by the Fed this year, and there are still 13BPs to bet on 4 rate cuts this year. The Fed still has 3 meeting windows to cut interest rates this year, and the probability of the Fed cutting interest rates by 50BP in September has risen to 33%. (Jinshi)