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Trump hints at nominating a new economic advisor, U.S. Treasury bond prices fall, easing rate cut expectations
GateNews
ChainCatcher News, according to Jintiao, due to Trump’s hint of nominating someone other than National Economic Council Chair Harret to succeed Powell, US bond prices fell, and traders reduced expectations for two rate cuts in the US in 2026. US Treasuries declined, pushing the two-year yield up by as much as 5 basis points to 3.61%, the highest level since the Fed’s last rate cut in December. Short-term interest rate contracts reflect a decreased probability of the Fed cutting rates twice by 25 basis points this year.
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