U.S. Treasury Yields Rise Ahead of Federal Reserve Meeting

According to Odaily, U.S. Treasury yields continued to rise during the European morning session, influenced by long-term bonds ahead of the Federal Reserve's meeting on Wednesday. Pimco economist Tiffany Wilding stated in a report that the latest U.S. employment data is limiting the Federal Reserve's actions, and it is unlikely to cut interest rates before later this year. A rate cut is expected only if there is a significant slowdown or contraction in the labor market.