随着市场继续评估全球利率前景，10年期美国国债收益率周四从美联储昨日利率决定后触及的低于4%的五个月低点升至4.1%。正如预期的那样，美联储将关键利率下调了25个基点，并预计今年将再下调两个基点。尽管如此，政策制定者还预测，核心通胀率将高于此前的预期，而增长和失业前景有所改善。这一背景预计将支撑整个曲线的收益率，而鲍威尔主席表示单次降息不一定预示着未来的货币宽松政策，这一信号放大了这一背景。除此之外，失业申请人数再次下降和费城联邦储备银行活动指数强劲，挑战了对劳动力市场恶化的有限担忧，增加了国债的压力。与此同时，尽管自上次会议以来，美联储的隔夜逆回购工具大幅缩减，但美联储仍保持了量化紧缩的步伐。

The yield on the 10-year US Treasury note rose to 4.1% on Thursday from the five-month low of below 4% touched after yesterday's Federal Reserve rate decision, as markets continued to assess the outlook of global rates. The Fed cut its key rates by 25bps, as expected, and projected a median of two more curs this year. Still, policymakers also projected that core inflation will be higher than previously expected while growth and unemployment outlooks improved. The backdrop projected supported yields across the curve, magnified by Chairman Powell's signal that the single cut did not necessarily anticipate future monetary easing. On top of that, a fresh decline in unemployment claims and strong Philly Fed activity index challenged limited concerns of a deteriorating labor market, adding pressure on Treasury securities. In the meantime, the Fed maintained the pace of its quantitative tightening despite the aggressive drawdown in its overnight reverse repo facility since the last meeting.