Société Générale: The Fed will cut interest rates twice again next year, and there is still room for a decline in US Treasury yields.

According to Mars Finance, as reported by Jin10, a strategist for interest rates at Société Générale stated in a report that the upcoming economic data will continue to show the resilience of the US economy, persistent inflation, and a slight deterioration in the labor market conditions. Nevertheless, they expect the Fed to cut interest rates after the December meeting, with two more cuts anticipated next year, and they expect that by the end of 2026, the two-year Treasury yield will stabilize and decline to 3.2%, while the ten-year Treasury yield will fall to 3.75%.