UBS: 10-year U.S. Treasury yields have fallen below expectations, but the best entry point may not have appeared yet

Odaily News UBS European head of rates strategy Reinout De Bock said in a note that the U.S. 10-year Treasury yield has fallen below the 4.25% level that UBS forecasts for 2025, but buyers' entry points are expected to appear later. "We think weaker data and high uncertainty about near-term trade policy limit the risk of a sell-off," the strategist said. However, "tariffs or above-consensus employment data could provide attractive entry points to initiate longs."
According to Tradeweb, the 10-year U.S. Treasury yield fell 1.4 basis points to 4.180%. UBS believes that compared with its forecast of 3.65%, the two-year U.S. Treasury yield has room to rise further. According to Tradeweb, the two-year U.S. Treasury yield is currently at 3.93%, down 5 basis points on the day. (Jinshi)