Interest rate strategists at Société Générale suggest gradually establishing long positions on 2- to 5-year US Treasury bonds. The reason is that “short-term yields are close to the highest point during the year, and holding earnings are still attractive.” With the collapse of the US war cease-fire agreement with Iran last week, the yield on 2-5-year US bonds rose to a new high in 2026 on Monday.

Interest rate strategists at Société Générale suggest gradually establishing long positions on 2- to 5-year US Treasury bonds. The reason is that “short-term yields are close to the highest point during the year, and holding earnings are still attractive.” With the collapse of the US war cease-fire agreement with Iran last week, the yield on 2-5-year US bonds rose to a new high in 2026 on Monday.