Societe Generale closed its short position on 10-year U.S. Treasuries after the Federal Reserve cut interest rates

According to Jin Shi reports, Societe Generale stated in its analyst report that after the Federal Reserve's anticipated interest rate cut, it has taken profits from a short position on 10-year U.S. Treasuries. The bank established the position at a yield of 4.09% and closed it at 4.15%. Analysts noted that the Federal Reserve's imbalanced policy response mechanism will put pressure on the interest rate market before the next non-farm payroll data is released. Although there was a divergence in the voting on this Federal Reserve decision, policymakers are emphasizing the weakness in the U.S. labor market.