Allianz Chief Economist Predicts Stable U.S. Treasury Yields Amid Fed Rate Cuts

According to Odaily, Allianz's Chief Economist has stated that U.S. Treasury yields are unlikely to surge even if the Federal Reserve increases its rate cut from 25 basis points to 50 basis points. The market does not interpret this rate cut as a more dovish monetary policy signal but rather as a factor driving the entire yield curve upwards. Some analysts even predict that the yield on the 10-year U.S. Treasury could rise further to exceed 5%.