HSBC's Major: U.S. 10-Year Yield Stuck Between 2.40% and 2.90%

The transcript discusses the global and domestic demand for US Treasuries, highlighting the increased domestic buying and the factors influencing US 10-year yields. It explores the impact of China's economic slowdown on global rates and inflation, and analyzes consensus forecasts and market trends. The discussion also covers neutral rates, potential Fed policy changes, and the implications of the Fed's balance sheet and quantitative tightening.

In what ways could the global economic interlinkages impact US Treasury yields?

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What does the term 'neutral rates' refer to in the context of this discussion?

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How might the Fed's potential rate cuts affect the Treasury market?

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