In the US financial bond market, yields are rising with poor performance in the 20-year bond auction.

November 21, 2024, 5:36 AM GMT+9 (excerpt)

In the US financial and bond markets, bond yields rose. Concerns arose over weak demand in the 20-year government bond auction conducted by the US Treasury on that day.
Traders want to determine the timing of the Federal Reserve's pause in the rate cut cycle. Market participants are currently awaiting indicators that could impact President-elect Trump's policies and the Fed's monetary policy.
Michael Loricchio, Head of US Interest Rate Trades at Manulife Investment Management, stated," It seems we have to wait until the next release of non-farm payroll numbers and the Consumer Price Index."
Two directors of the Federal Reserve Board showed conflicting views on future monetary policy on the 20th.
Director Bowman, considered the most hawkish among policymakers, pointed out that while inflation remains a concern, the labor market is solid and urged a cautious approach towards further rate cuts.
On the other hand, Director Cook indicated that inflation continues to ease, and it is highly likely that further rate cuts would be appropriate.