ME message, December 15 (UTC+8), the debate in the U.S. Treasury market surrounding the future interest rate cuts by the Federal Reserve is heating up with the release of a series of key economic data. Bond traders are betting that the Federal Reserve will cut rates twice next year, which is one more cut than indicated by the Fed. If the market expectations are correct, it will lay the foundation for another outstanding performance by U.S. Treasuries, which are on track for their best year since 2020. George Catrambone, head of fixed income at DWS Americas, said: "The direction of interest rates will depend on the labor market, so I am only focused on Tuesday's non-farm data." However, WisdomTree's Kevin Flanagan stated: "This week's employment report may carry less weight, as the government shutdown complicates data collection, shifting his focus to next month's report, which will be released before the Fed's policy decision on January 28." On the trader side, based on the swap market proxy indicators, they believe the Federal Reserve will end this round of easing with a rate around 3.2%. If the Federal Reserve remains largely unchanged in the face of stubborn inflation, this would suggest that Treasuries will be more in a range-bound fluctuation in the future. (Source: ME)