UBS: Continue to be bullish on 10-year US Treasury bonds

Odaily Planet Daily News UBS interest rate strategists said in the latest report that the bank continues to be bullish on 10-year U.S. Treasuries as economic growth risks remain. "We believe that the market underestimates the risk of an economic slowdown, and the relatively mild U.S. CPI data in May and June will also support the performance of 10-year U.S. Treasuries." Strategists pointed out that although household inflation expectations indicators have risen, they have not yet translated into obvious wage pressure. In addition, they also mentioned that if the U.S. Senate makes adjustments to the "Beautiful Big Bill" proposed by the House of Representatives and further cuts spending, it is also expected to ease market concerns about the expansion of the fiscal deficit. However, UBS also believes that in the coming months, the 10-year U.S. Treasury yield may be difficult to fall below 4%. (Jinshi)