The US Treasury market is focused on the Federal Reserve meeting and Treasury auctions, with traders betting on a rate cut by the end of the year.

CoinFeed, April 27th - According to Jinshi News, as the situation in the Middle East pushes up oil prices, US Treasury market traders are closely watching this week's Federal Reserve meeting to assess officials' views on the inflation outlook. The market widely expects the Fed to keep interest rates unchanged on Wednesday, but traders tend to believe there will still be a rate cut before the end of the year. Swap market data from Friday showed that the probability of a rate cut before the end of the year has risen to around 40%. This development could pave the way for Kevin Warsh, Trump's nominee, to lead the Fed and implement more accommodative policies. Against this backdrop, traders will be listening carefully to incumbent Chairman Powell's remarks at the post-meeting press conference for an update on his plans after his term ends next May. Meanwhile, this week will also see a series of US Treasury auctions, including 2-year and 5-year notes, to test market demand at current yield levels.