Jefferies: U.S. Treasury yields have limited room to fall

Jefferies Global Economist Mohit Kumar stated in a report that the 10-year US Treasury yield has limited room to fall further from its current level. Jefferies believes German government bonds offer higher return potential and prefers an underweight position in US Treasuries. Kumar noted, "We continue to believe that a significant rebound in US Treasuries is unlikely from current levels." (Jinshi)