Analyst: The 10-year U.S. Treasury will remain in a range trading

ChainCatcher message, a rate strategist at Société Générale said in a report that the 10-year U.S. Treasury yield is expected to remain in the range of 4.0%-4.5% in the coming months.

They stated: "Although we expect the term premium to rise slightly, the increase in long-term yields may be limited, thus the steepening momentum may weaken." The strategists anticipate that the Federal Reserve will cut rates twice in the second half of 2025 to address the slowdown in economic growth and employment.