On September 16, during the European trading session, the global financial markets focused on the United States. The U.S. treasury market exhibited low Fluctuation and high hesitance characteristics, with the 10-year treasury yield fluctuating slightly around 4.25% and the 2-year treasury yield hovering around 4.70%. Market participants are awaiting the arrival of two key events: the release of U.S. retail sales data on September 17 and the Fed's Intrerest Rate decision on September 19.

This stable situation reflects the market's cautious attitude towards the upcoming economic data and policy decisions. The performance of retail sales data will have a direct impact on the Fed's interest rate decision, so it is receiving a lot of attention. Currently, the market's expectations for a possible rate cut by the Fed are heating up, but the specific direction still requires verification from more economic indicators.

It is worth noting that the yield on the 10-year government bond fluctuated by only 3 basis points on that day, marking the smallest fluctuation range in nearly a week. This narrow range of oscillation indicates that investors are weighing various possibilities and are reluctant to take action rashly before the key data is released.

At the same time, the 2-year Treasury yield, which is more sensitive to monetary policy, also showed a similar cautious stance, fluctuating within a narrow range of 4.69% to 4.71%, without any significant breakout. This further confirms that the market is in a wait-and-see mode, waiting for more information to guide future investment directions.

As the US retail sales data and the Fed's interest rate decision approach, fluctuations in the global financial markets may intensify. These two events will provide investors with important clues to help them assess the health of the US economy and the direction of future monetary policy. Market participants need to closely monitor this data and decisions in order to timely adjust their investment strategies to respond to potential market changes.