U.S. Treasury bond futures rose, with market expectations that the possibility of the Federal Reserve cutting interest rates next month exceeded 60%

On November 11, after ADP employment data showed that the U.S. labor market was slowing down, U.S. Treasury bond futures rose sharply and the U.S. dollar index fell. U.S. 10-year Treasury futures rose, with the implied yield down 4 basis points from Monday's close of 4.12%. Money markets have increased bets on a rate cut by the Federal Reserve, with swaps data showing a more than 60% chance of a rate cut next month.