[BNP Paribas Closes 10-Year US Treasury Short Position After Fed Rate Cut] BNP Paribas has closed a short position on 10-year US Treasuries after the Federal Reserve's expected rate cut, profiting from the trade that bet on rising Treasury yields. BNP Paribas opened the position when the yield was at 4.09% and closed it at 4.15%. Analysts stated that the Fed's unbalanced policy response mechanism will put pressure on the rates market ahead of the release of the next non-farm payroll data. Despite divisions in the voting for this Fed decision, policymakers are emphasizing the weak trend in the US labor market.