US Treasury yields rise during Asian trading session, Fed rate cut expected next week.

The August CPI data released on Thursday showed that although the inflation level has risen, it is expected to have little impact on the Federal Reserve's policy outlook. Pimco economist Tiffany Wilding pointed out in the report, "We maintain our unchanged forecasts for the Fed's policy and inflation." Therefore, Pimco expects the Fed to cut interest rates by 25 basis points next week, but "a 50 basis point cut may also be discussed." The institution still predicts a total of 75 basis points in interest rate cuts this year. The data shows that the US August CPI rose to 2.9% year-on-year, higher than July's 2.7%. The 2-year US Treasury yield rose by 1.8 basis points to 3.545%, while the 10-year US Treasury yield increased by 2.3 basis points to 4.033%.