TechFlow, June 3 — According to Jinshi Data, UBS interest rate strategists said in their latest report that due to ongoing economic growth risks, the bank maintains a bullish outlook on 10-year U.S. Treasuries. "We believe the market is underestimating the risk of economic slowdown, and relatively mild U.S. CPI data in May and June will support performance of the 10-year Treasury," strategists noted. Although household inflation expectations have risen, they have not yet translated into significant wage pressure. Additionally, they mentioned that if the Senate adjusts the House-proposed "Beautiful Big Bill" to further reduce spending, it could help alleviate market concerns over widening fiscal deficits. However, UBS also believes that over the coming months, the yield on 10-year Treasuries may struggle to fall below 4%.
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