US Interest Rates Analysis Report 6/21/19 – 10 Yr Bond Rates Below 2%

Treasuries led a global bond rally, with 10-year yields dropping below 2% for the first time since November 2016 as expectations grow that major central banks will ease policy.The U.S. 10-year yield slid as much as five basis points to 1.9719% after the Federal Reserve signaled it was ready to cut interest rates.The Fed on Wednesday scrapped its use of “patient” in describing its approach to policy, offering support for bond bulls who argue that the U.S.-China trade war will sap growth momentum.“You’ve got a Fed that’s now changed its language and we’re on a path where there’s going to

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