UBS: Remains bullish on 10-year U.S. Treasuries

ChainCatcher news, according to Jinshi Data reports, UBS interest rate strategists stated in their latest report that due to ongoing economic growth risks, the bank remains bullish on the 10-year U.S. Treasury bonds. "We believe the market is underestimating the risks of an economic slowdown, and the relatively mild U.S. CPI data in May and June will also support the performance of the 10-year U.S. Treasury bonds." The strategists pointed out that although household inflation expectations have risen, they have not yet translated into significant wage pressure. Additionally, they mentioned that if the U.S. Senate makes adjustments to the "Beautiful Big Bill" proposed by the House of Representatives and further cuts spending, it is expected to alleviate market concerns about the expanding fiscal deficit. However, UBS also believes that in the coming months, the yield on the 10-year U.S. Treasury bonds may struggle to fall below 4%.