U.S. Treasury Yields Show Mixed Trends Amid Economic Uncertainty

According to Odaily, UBS's Head of European Rate Strategy, Reinout De Bock, reported that the yield on the U.S. 10-year Treasury note has fallen below UBS's forecast of 4.25% for 2025. However, the entry point for buyers is expected to emerge later. De Bock noted that weaker data and significant uncertainty in recent trade policies have limited the risk of a sell-off. Nonetheless, tariffs or employment data exceeding market consensus could present an attractive entry point for long positions. Tradeweb data indicates that the 10-year U.S. Treasury yield decreased by 1.4 basis points to 4.180%. UBS also sees potential for further increases in the 2-year U.S. Treasury yield compared to its forecast of 3.65%. Currently, the 2-year yield stands at 3.93%, having dropped 5 basis points during the day, according to Tradeweb data.