Allianz Chief Economic Advisor: U.S. bond market reacts abnormally to Fed's move

Odaily News Allianz chief economic adviser said that when the Fed expanded the rate cut from 25 basis points to 50 basis points, the US Treasury yield would not soar. The market did not see this rate cut as a signal of a more dovish monetary policy, but rather pushed the entire yield curve up. Some analysts even believe that the 10-year US Treasury yield may soar further to more than 5%. (Jinshi)