周五，美国10年期国债收益率上涨3个基点，至4.13%，为两周来的最高水平，并将在本周结束时上涨6个基点，因为投资者权衡了美联储今年的首次降息及其最新的经济前景。周三，美联储按预期将基金利率下调了25个基点，并预计2025年将再下调50个基点，随后在2026年再下调25个基点。在会后的新闻发布会上，鲍威尔主席语气谨慎，称此举是“风险管理”削减，并强调“没有无风险的道路”。政策制定者还上调了GDP增长预测，表明经济持续复苏，而首次申请失业救济人数低于预期，表明劳动力市场疲软可能没有人们担心的那么严重。 周五，明尼阿波利斯联储主席尼尔·卡什卡利表示支持这一决定，并表示他预计今年还会再降息两次。

The yield on the US 10-year Treasury note rose 3 bps to 4.13% on Friday, its highest level in two weeks, and was set to finish the week 6 bps higher as investors weighed the Fed’s first rate cut of the year and its updated economic outlook. On Wednesday, the Fed trimmed the funds rate by 25 bps as expected and projected an additional 50 bps of cuts in 2025, followed by another 25 bps reduction in 2026. At the post-meeting press conference, Chair Powell struck a cautious tone, calling the move a “risk management” cut and stressing that “there are no risk-free paths.” Policymakers also revised GDP growth forecasts upward, signaling continued economic resilience, while initial jobless claims came in below expectations, suggesting labor market weakness may be less severe than feared. On Friday, Minneapolis Fed President Neel Kashkari voiced support for the decision and said he anticipates two more cuts this year.