[New York Bond Market]Long-End Bonds Rally, Yield Curve Flattens—UK Fiscal Resolve and Oil Plunge Drive Moves

U.S. Treasury yields fell, led by long-dated bonds, as UK fiscal discipline signals and a sharp oil price drop drove a bull flattening of the yield curve; futures markets now price in a 41bp Fed rate cut by year-end amid shutdown risks and strong month-end demand.