Before the Fed's decision, US bond yields rose first

ChainCatcher message, according to Jinshi report, before the announcement of the Federal Reserve’s decision, US bond yields rose. However, the economic data released on that day showed that both the month-on-month and year-on-year new housing starts in the United States declined, dragging down US bond yields. The current market expects the Fed to cut interest rates by 25 basis points and hint at a pause in rate hikes in January, increasing the hawkish tone. In response to this expectation, the settlement price of the 10-year US Treasury bond yield may hit the highest level in over a month.