#共庆Gate.io11周年，参与庆典享百万豪礼# Global bond rose on Tuesday, following the overnight gain in US Treasury bonds. The speculation of an early interest rate cut by the Federal Reserve has boosted the attractiveness of sovereign debt. The yield on 10-year bonds in Australia and New Zealand fell by at least 8 basis points, as previous data showed an accelerated contraction in US factory activity in May. The yield on Japanese 10-year bonds dropped by two basis points, and Korean bonds also rose. The bond market is optimistic, but it may face a test in the next few days as non-farm data will reveal whether the US job market has cooled enough to warrant policy easing. Royal Bank of Canada said it's not just the Federal Reserve. The focus this week is certainly on the Bank of Canada and the European Central Bank, with expectations that both central banks will start an interest rate cut cycle. US job vacancy data will be released on Tuesday, and if it is lower than market expectations, it may also stimulate new demand for bonds.