After the release of the US GDP data, US bond prices fell and yields rose.
After the GDP data for the third quarter was released, US Treasury bonds fell to the intraday low. The US economy grew by 4.3% in the third quarter, achieving its fastest growth in two years. Yields on US Treasury bonds rose slightly on the day, dipping in the early trading session. The yield on the 10-year US Treasury bond touched an intraday high around 4.165%, lagging behind German and British bonds by 3 and 2 basis points, respectively. Market pricing for Federal Reserve policy has slightly shifted towards a hawkish stance, with expectations for a 3 basis point rate cut at the policy meeting in January, compared to 4 basis points at the close of trading on Monday.
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