The back end of the U.S. Treasury market remains under pressure, but opportunities exist in mid-term bonds (US5Y), (US10Y) amid expectations of Federal Reserve rate cuts later this year, said Barry Knapp,

The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh signs of higher inflation and President Donald Trump intensifying his demands for lower borrowing costs.

Federal Reserve Bank of Atlanta President Raphael Bostic said he still supports holding interest rates steady and pointed to recent inflation data showing price pressures are rising.