U.S. 10-year Treasury yield falls below 4% for the first time since late October

The U.S. 10-year Treasury yield fell below 4% for the first time since late October. The market is showing a trend that reflects both expectations for rate cuts and signs of an economic slowdown.

On the 25th (local time), according to economic news channel Walter Bloomberg, the U.S. 10-year Treasury yield fell below 4% intraday. This is the lowest level in about two months since late October.

With the possibility of an early shift to easing by the Federal Reserve (Fed) recently mentioned, long-term interest rates have continued to decline. Investors are reinforcing expectations that the Fed could accelerate the pace of rate cuts next year based on a cooling labor market and weakening consumer indicators.

The decline in U.S. Treasury yields could also affect the virtual asset (cryptocurrency) market. If interest rate pressures ease, there is a possibility that appetite for risk assets could improve.