0559 GMT - There are worries about a repeat of September 2024 when longer-maturity Treasurys yields rose after the Federal Reserve's larger-than-usual 50-basis point rate cut, says Julius Baer's Dario Messi in a note. However, the risks of that repeating are limited this time around, says the head of fixed income. Despite some valid arguments, the current starting point offers more cushion against such a development and risks are more limited at this point, Messi says. The 10-year Treasury yield is currently higher than it was in Sept. 2024 when the Fed started its rate cuts. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
September 17, 2025 01:59 ET (05:59 GMT)
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