Fed officials hint at slowing pace of rate cuts, boosting U.S. bond yields

According to the data from Jin10 on October 22nd, in a report, Brown Brothers Harriman stated that comments from Federal Reserve officials supporting a slower pace of interest rate cuts boosted US Treasury yields and the US dollar on Monday. Kansas Fed President and 2025 FOMC voting member Schmid, expressed that a cautious approach seems appropriate. In addition, Minneapolis Fed President Kashkari and Dallas Fed President Kaplan also expressed caution about cutting rates too quickly. Tradeweb data shows that the yield on 10-year US Treasury bonds rose by 3 basis points to 4.214%, and the yield on 2-year US Treasury bonds rose by 2 basis points to 4.045%. The US dollar index remains near the 11-week high reached on Monday, currently reporting 103.87, with a decrease of 0.14%.