Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Head of Fixed Income Strategy
Summary: At the end of last week, US Treasury yields broke above key resistance levels throughout the yield curve as the market reconsiders interest rate cuts in the second half of this year. This week, the selloff in Treasuries might continue amid the Fed minutes on Wednesday and the PCE index on Friday.