凯投宏观：美国国债涨势料将失去动力

Odaily Odaily Planet Daily News Thomas Mathews, Head of Asia-Pacific Markets at Capital Economics, stated in a report that the rally in US Treasuries, which had previously driven yields lower, is expected to lose momentum, while German Bunds may see further gains.

He noted that US Treasuries face some key tests this week. He pointed out that one of the key reasons for the Fed to cut interest rates is to protect the health of the labor market. "But recent labor market momentum has strengthened, and we expect the US June employment report, due later this week, to be strong again," Mathews said, adding that it is increasingly clear that labor market conditions will not serve as a reason to delay tightening policy. "This may be the biggest near-term risk for US Treasuries, but it is not the only one." (Jinshi)