凯投宏观：美国国债涨势料将失去动力

Odaily Planet Daily News Thomas Mathews, Head of Asia Pacific Markets at Capital Economics, stated in a report that the rally in U.S. Treasury bonds, which previously drove yields lower, is expected to lose momentum, while German government bonds may continue to rise further.

He noted that U.S. Treasuries face some key tests this week. He pointed out that one of the key reasons for the Fed's rate cuts is to protect the health of the labor market. "However, the momentum in the labor market has strengthened recently, and we expect the U.S. June employment report, to be released later this week, to be strong again," Mathews said. It is increasingly clear that labor market conditions will not serve as a reason to delay tightening policy. "This may be the biggest risk facing U.S. Treasuries in the near term, but it is not the only one." (Jin Shi)