UBS: 10-year U.S. Treasury yields have fallen below expectations, but the best entry point may not have appeared yet

Odaily Planet Daily News Reinout De Bock, head of European interest rate strategy at UBS, said in a report that the 10-year U.S. Treasury yield has fallen below UBS's forecast of 4.25% in 2025, but buyers' entry points are expected to appear later. "We believe that weaker data and high uncertainty in recent trade policies limit the risk of selling," the strategist said. However, "tariffs or employment data above market consensus may provide an attractive entry point for launching longs." According to Tradeweb data, the 10-year U.S. Treasury yield fell 1.4 basis points to 4.180%. UBS believes that compared with its forecast of 3.65%, the two-year U.S. Treasury yield has further room to rise. According to Tradeweb data, the two-year U.S. Treasury yield is now at 3.93%, down 5 basis points on the day. (Jinshi)