U.S. Treasury yields declined in early trade after the Federal Reserve’s well-anticipated interest-rate cut on Wednesday, with focus shifting to data again.
“Markets will now quickly turn to next week’s delayed payrolls release—pushed back due to the U.S. government shutdown—which stands as the next major catalyst for markets,” said ADSS’s Neal Keane in a note.
Heading into the year-end, risks remain two-way, while AI-linked valuations remain a major concern for investors and continue to shape broader market sentiment, the head of global sales at the U.A.E.-based trading platform said.