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US 10-year yields may fall to 1.75pc if Fed cuts rates
NEW YORK: Benchmark US 10-year Treasury yields may decline to 1.75% and the yield curve may steepen further if the F
NEW YORK: Benchmark US 10-year Treasury yields may decline to 1.75% and the yield curve may steepen further if the Federal Reserve lowers interest rates two to three times, Goldman Sachs analysts said on Thursday.
On Wednesday, Fed policy-makers signaled they were ready to counter slowing economic growth and sluggish inflation by reducing borrowing costs.
US 10-year yields fell below 2% for the first time in more than 2-1/2 years on Thursday due to expectations the Fed may begin reducing key lending rates as soon as next month.
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