Citi: Raises 10-year US Treasury yield target but remains bullish on the bond market
According to Odaily, Citigroup interest rate strategists stated in a report that they have slightly raised their year-end forecast for the 10-year US Treasury yield to 3.9%, up from the previous target of 3.75%. This adjustment was made following the Federal Reserve's hawkish stance at the June meeting. However, Citigroup strategists still maintain a medium-term bullish view on US Treasuries, as they believe the recent Middle East conflict will not lead to inflationary pressures being transmitted to core inflation. They also stated that, in their view, the risk balance points toward a weakening rather than a strengthening labor market. (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The 160 Threshold Under Threat Again! Yen Nears "Intervention Red Line," Tokyo May Spend Money Again to Rescue the Currency
The Japanese yen is approaching the 1 USD = 160 JPY level. Atsushi Mimura commented that the movement is "too fast." The US-Japan interest rate gap may widen further, and Japanese officials have hinted at being ready to intervene again.
Blackstone (BX.US) injects up to $1.5 billion, providing fresh ammunition for Pfizer (PFE.US) in the weight-loss drug race
Pfizer announced on Wednesday that it has reached an agreement with Blackstone to obtain up to $1.5 billions in funding to support the development of its experimental monthly obesity treatment drug.
Crypto prices
More
