Before the Fed's decision, U.S. Treasury yields rose first

According to foreign media reports, U.S. Treasury yields rose before the Fed's decision was announced. However, economic data released on the same day showed that U.S. new housing starts fell both month-on-month and year-on-year, dragging down U.S. Treasury yields. The current market expects the Fed to cut interest rates by 25 basis points and hint that it will suspend interest rate hikes in January, adding to the hawkish tone. Influenced by this expectation, the settlement price of the 10-year U.S. Treasury yield may hit the highest level in more than a month. (Jinshi)