UBS: Continue to watch more 10-year U.S. debt "
According to online reports, according to Jin Shi, UBS interest rate strategist said in the latest report that as economic growth risks still exist, the bank continues to be bullish on 10-year U.S. bonds. "We believe the market is underestimating the risk of an economic slowdown, and relatively mild U.S. CPI data in May and June will also support the performance of the 10-year U.S. Treasury bond." Strategists pointed out that although household inflation expectations have risen, they have not yet translated into significant wage pressure. In addition, they also mentioned that if the U.S. Senate makes adjustments to the "beautiful bill" proposed by the House of Representatives and further cuts in spending, it may also alleviate market concerns about widening fiscal deficits. However, UBS also believes that it may be difficult for the 10-year U.S. bond yield to fall below 4% in the next few months.
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