Jefferies: U.S. Treasury yields have long-term investment appeal

Jeffrey's global economist Mohit Kumar stated that the current level of U.S. Treasury yields is attractive to long-term investors, but uncertainty remains high. Jeffrey's believes that central banks will not implement rate hikes as significantly as reflected in market pricing.

According to LSEG data, the money market has priced in an expectation of a cumulative 93 basis points rate hike by the Federal Reserve over the next 12 months.