[Analyst: The Market Remains Reluctant to Heavily Price in Fed Rate Cuts] Jin10 News, April 8 – Natixis analyst John Briggs stated that even after the U.S.-Iran ceasefire agreement was reached, the bond market might still be reluctant to heavily price in the extent of U.S. rate cuts. Although the situation has significantly eased, the impact of the war on inflation remains unclear. Additionally, we may need the Federal Reserve to signal that they are comfortable with their policy and confident in the progress of (inflation) transmission. Therefore, while we still anticipate two rate cuts this year and look to buy on dips, we will remain patient. He expects long-term bond yields to be higher than short-term bond yields.