The U.S. bond market continues to send signals to the Federal Reserve: the need to raise interest rates!

According to the Citic Securities APP, the US Treasury bond market has sent a clear signal: the current interest rate level is still not enough to contain potential economic overheating. With traders' expectations of the Federal Reserve's earliest possible rate hike of at least 25 basis points in October this year heating up, the yield on US two-year Treasury bonds has soared to its highest level in over a year, about 4.15%, significantly higher than the Fed's policy range of 3.5%-3.75%.