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JPMorgan Chase: Global demand for long-term assets declines

According to online reports, JPMorgan analyst Jay Barry said in a mid-year outlook report that global investor demand for long-term assets seems to be declining. According to JPMorgan's forecast, this will push the U.S. 2-year Treasury yield lower and keep the 10-year Treasury yield near current levels. "We maintain our forecast that the 2-year and 10-year Treasury yields will end the year at 3.50% and 4.35%, respectively," he said.

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