Following the release of US GDP data, market pricing for Federal Reserve policy shifted slightly towards a hawkish stance.

Odaily Planet Daily reports that U.S. Treasury bonds fell to intraday lows after the release of third-quarter GDP data. The U.S. economy grew by 4.3% in the third quarter, the fastest pace in two years. U.S. Treasury yields rose slightly on the day, after falling earlier in the session. The yield on the 10-year U.S. Treasury note touched an intraday high of around 4.165%, underperforming German and British government bonds by 3 and 2 basis points, respectively, compared to the same maturity. Market pricing in Federal Reserve policy has shifted slightly towards a hawkish stance, with current expectations for a 3 basis point rate cut at the January policy meeting, compared to a 4 basis point expectation at Monday's close.