TaoMing Securities: The market's pricing of the Federal Reserve's long-term policy will tend to ease

Analysts at TD Securities stated that the fate of global interest rate markets will ultimately depend on the Federal Reserve. TD Securities predicts that the Fed will further cut interest rates, which means that yields on U.S. Treasury bonds and other bonds will decline. They said in a report: "We expect that as the easing cycle progresses, pricing for long-term Fed policy will tend to moderate, and the impact of falling Treasury yields will also be transmitted to bond markets in other developed markets."