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)