The results of the current auction of the US 10-year Treasury bond have come out.
The short-term demand has decreased, but the percentage of the winning interest rate allocation has increased significantly, which is polarized.
This shows that many people have completed the auction at a yield of 3.96% and are satisfied with this interest rate.
Through the large change in this value, it can be seen that US Treasury bonds have begun to trade in the expectation of interest rate cuts.
