DZ Bank: Fed may end rate cuts early

Birgit Henseler, an analyst at DZ Bank, said she expects the 10-year Treasury yield to fluctuate sideways in the near term and rise to 5% by the end of next year. The analyst said in a report that the fixed income market has already digested a large part of the policies of the new Trump administration, which may lead to inflation. She said this also means that the Federal Reserve may end its rate cuts early, and it is expected that the Federal Reserve will cut interest rates by 100 basis points in the coming months. According to Tradeweb data, the 10-year Treasury yield rose 3 basis points to 4.371% during the day. (Jinshi)