BNP Paribas Profits from Shorting U.S. Treasury Bonds Following Fed Rate Cut

According to ChainCatcher, BNP Paribas has successfully closed a short position on 10-year U.S. Treasury bonds after the Federal Reserve's anticipated rate cut. The bank initiated the trade when yields were at 4.09% and closed it at 4.15%. Analysts from BNP Paribas suggest that the Federal Reserve's imbalanced policy response mechanism will exert pressure on the interest rate market ahead of the release of the next non-farm payroll data. Despite differing opinions in the Fed's recent decision, policymakers are emphasizing the weakness in the U.S. labor market.