Kỳ vọng Fed giảm lãi suất gia tăng, giúp cho đường cong trái phiếu Mỹ trở nên dốc

The possibility of the Fed cutting interest rates by 50 basis points this week has increased, leading to a 'Thị trường Bull' steepening of the US Treasury yield curve, with short-term yields falling faster than long-term yields. This trend may gain momentum. 'If the Fed really cuts interest rates by 50 basis points, this situation may continue, as there is a possibility of further rate cuts by 50 basis points in November,' analysts said. If the market believes that the Fed's aggressive action is mainly due to the risk of a hard landing in the economy, then the 'Thị trường Bull' steepening trend is more likely to continue. According to LSEG Refinitiv data, the money market currently expects the Fed to cut interest rates by 119 basis points in the remaining three policy meetings this year.