Odaily Planet Daily News: ING Group's interest rate strategists currently maintain a neutral stance on U.S. Treasuries in the short term. They pointed out that the month-on-month increase in core PCE announced on Friday may be relatively mild, expected to be 0.2%. This data may boost market optimism in the short term and push U.S. Treasury yields down. Strategists expect that by 2026, the 10-year U.S. Treasury yield will rise to 4.5%. "We are watching for an opportunity to shift to a more bearish position on 10-year U.S. Treasury bonds in a timely manner." They explained that the Federal Reserve has not expressed too much concern about the economic growth outlook, and the latest unemployment benefit application data also shows that the current job market outlook is not bleak. At the same time, inflation data is expected to start to pick up, and supply-side pressures continue. Taken together, these factors point to an upward trend in yields. (Jinshi)
