"Kai Tuo Macro: The central bank's interest rate cut exceeding expectations will reduce bond yields."

In a report, senior market economist at Capital Economics Diana Iovanel stated that domestic monetary policy may be a major factor influencing the 10-year sovereign bond yields. She pointed out, "We believe that the rate cuts in Australia, the eurozone, Switzerland, and the United States will be lower than investors expect." Iovanel also mentioned that the central banks of the UK, Canada, and New Zealand may cut interest rates more than the market anticipates, which could further push their bond yields lower.