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 ChainCatcher news and Jin10 reports, a rate strategist from Société Générale stated in a report that the upcoming economic data will continue to show the resilience of the U.S. 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, predicting 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 decrease to 3.75%.