Key Transaction Data: US 10-Year Treasury Yield Falls to 4.0240%, Near One-Month Low

BlockBeats News, October 14th, according to market data, the U.S. 10-year Treasury yield fell to 4.0240%, hitting a near one-month low, and closed at 4.0302%, representing a 0.67% decrease in the past 24 hours.

Furthermore, HSBC believes that the U.S. dollar is likely to weaken once again. Paul Mackel, Global Head of FX Research at HSBC, pointed out in a report: when the Fed restarts a dovish cycle and the U.S. economy avoids a recession, historical experience suggests that the U.S. dollar will weaken, a trend that is hard to break. While the desire for a stronger dollar is tempting, it is still too early to abandon the bearish view. Mackel expects the U.S. dollar to hit bottom early next year.