BNP Paribas closed its 10-year US Treasury short positions after the Federal Reserve's rate cut

Jinse Finance reported that BNP Paribas stated in its analyst report that, following the Federal Reserve's expected rate cut, it has closed a profitable short position on 10-year U.S. Treasury bonds. The bank opened the position when the yield was at 4.09% and closed it at 4.15%. Analysts noted that the Federal Reserve's unbalanced policy response mechanism will put pressure on the interest rate market before the release of the next non-farm payroll data. Although there was a split in the voting on this Fed decision, policymakers are emphasizing the weakness in the U.S. labor market.