【巴克莱-2025研究报告】Barclays_United_States_Interest_Rates_Gradual_moderation.pdfVIP

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【巴克莱-2025研究报告】Barclays_United_States_Interest_Rates_Gradual_moderation.pdf

FICCResearch

InterestRates

6June2025

UnitedStates:InterestRates

Gradualmoderation

Incomingharddatashowgradualmoderation,includingthe

labormarket.Meanwhile,absenceofadversefiscalnewshas

allowedthelongendtooutperformglobally.Nextweek,allAnshulPradhan

+12124123681

eyeswillbeontheinflationreportanddemandatlong-endanshul.pradhan@

auctionsintheUS.BCI,US

AmrutNashikkar

+12124121848

Thelongendofglobalbondmarketscontinuedtooutperformthisweekasinvestorsgraduallyamrut.nashikkar@

becomelessfearfulofadversefiscalnewsamidsignsofdemandpickingupatthelongBCI,US

end.

Figure1showsthatfromtwoweeksago,

30yyieldshavefallenglobally

–US30yby15bp

AndresMok,CFA

andJapan

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