ChainCatcher reports that Glen Capelo, Managing Director of Fixed Income at Mischler Financial Group, believes a 25 basis point rate cut by the Federal Reserve could likely trigger a sell-off in US Treasuries, though this largely depends on the outcome of Powell's press conference. Michael Rosen, Managing Partner and Chief Investment Officer at Angeles Investments, believes the current bond market is pricing in overly aggressive rate cuts by the Fed. The market expects the Fed to cut rates by 250 basis points next year, a move that is only likely if the economy enters a recession. As such, he believes that short-term yields on US bonds will fall by less than the market expects, while long-term yields may even start to rise from now on. (Golden Ten)