The US Treasury 10 years bond is following the same trend as the 30 years bond and has been facing headwinds for the last two weeks with the USD inflation related figures missing the projections for February 2025. Although no rate cut has been priced in by the market for Week 12 Wednesday but it will not be a surprise if the Fed hints at doing a 25 basis points rate cut soon or makes a surprise rate cut this Wednesday. The bond market should see some volatility in Week 12.