
Buyers avoid debt ceiling risks, and U.S. Treasury yields fell in August
U.S. Treasury Secretary Scott Bessent stated last Friday that if the federal debt ceiling is not raised or suspended by then, the U.S. may run out of cash. Subsequently, U.S. Treasury bond investors began to avoid bonds maturing in August. On Monday, influenced by a surge in demand for U.S. stocks, U.S. Treasury yields generally rose. Following Bessent's warning to U.S. lawmakers, the yield on U.S. Treasury bonds maturing in August saw the largest increase. The yield on August Treasury bonds has reached the highest level across all maturities (from four weeks to one year), partly due to investors' expectations that the Federal Reserve will cut interest rates in September