Institution: The yield on 10-year US Treasury bonds is expected to lack a clear trend

"We believe that the 10-year Treasury yield is likely to lack a clear trend in the coming months and will mainly fluctuate within the 4.30%-4.50% range," the chief strategist stated. Hiljanen said that SEB still believes that a sustainable resolution of the conflict alone is unlikely to trigger a downward trend in yields; this would also require support from macroeconomic data and communication from the Federal Reserve.