Since the Federal Reserve's two rate cuts and the release of its most recent Summary of Economic Projections (SEP) on September 18, the yield on the U.S. 10-year Treasury note has climbed sharply, increasing by 80 basis points over the past two months, moving from roughly 3.7% to around 4.5%. Wha...

Following the Federal Reserve’s two-rate cut and release of its latest Summary of Economic Projections (SEP) on September 18, the U.S. 10-year Treasury yield has surged by 60 basis points over the past two months, from around 3.7% to approximately 4.3%. Why have Treasury yields risen so sharply? W...

在聯準會於9月18日降息兩碼並發布最新經濟預測（SEP）後，美國10年期公債殖利率卻在近兩個月內從約3.7%飆升80個基點至約4.5%。為何美債殖利率會突然上升呢? 我們歸結為以下幾個可能的原因： 1. 市場對降息的預期過高 早些時...