The 10-year U.S. Treasury yield is likely to settle at a lower range in coming months than previously expected by SEB Research, said chief strategist Jussi Hiljanen in a note.
SEB Research now expects the 10-year U.S. Treasury yield to trade in a 4.00%-4.50% range in the coming three to six months versus its previous forecast range of 4.20%-5.00%.
“This revision reflects our view that markets are now less likely to fade Federal Reserve rate cut expectations as concerns about negative tariff effects are factored into outlooks,” Hiljanen said.
