Market Sentiment: Growth Concerns May Limit U.S. Treasury Yield Rise

TD Securities strategists have indicated that U.S. Treasury yields may remain elevated in the short term as the Federal Reserve maintains a cautious stance. According to Jin10, they noted that while inflation expectations are rising, the market has begun to factor in rate hike expectations, overlooking potential downside risks to economic growth. The strategists emphasized that concerns over slowing growth could restrict further increases in yields. Tradeweb data shows that during the Asian trading session, U.S. Treasury yields declined, with the 10-year yield dropping by 4.8 basis points to 4.391%.