[Société Générale: The Fed Will Continue Cutting Rates Next Year, U.S. Treasury Yields Still Have Room to Decline] Jin10 Data, December 1 – Société Générale's rate strategists stated in a report that upcoming economic data should continue to show resilience in the U.S. economy, sticky inflation, and slight deterioration in labor market conditions. Nevertheless, U.S. Treasury yields still have room to decline by the end of 2026. The strategists noted: 'After the rate cut at the December meeting, we expect the Fed to cut rates two more times next year.' They anticipate that by the end of 2026, the two-year Treasury yield will steadily decline to 3.20%, and the 10-year Treasury yield will drop to 3.75%.