Dutch International Group interest rate strategists predict that the yield on US 10-year treasury bonds will rise to around 4.75%. The upward pressure on long-term yields will once again show, while the impact of the repurchase plan announced by the US Treasury will gradually subside. “If the buyback plan is intended to fundamentally suppress the decline in long-term yield, then there is another tough battle to be fought in the future,” Paddick Garvey and other strategists wrote an article on Thursday. “We have already fought the first battle and the Ministry of Finance won, but there will be more contests in the future. We believe the 10-year yield is unlikely to fall below 4.5% anytime soon.” The strategist pointed out that when the US Treasury decided to expand the repurchase scale, the benchmark yield was about 4.7%, so it is reasonable for the yield to return to this level. The strategist said that when combined with US inflation and economic growth, the 10-year yield is about 4.8%; the 10-year Treasury yield was 4.66% on Thursday. Yields continued to rise due to large-scale issuance of corporate bonds, concerns about fiscal deficits, and market doubts about the Federal Reserve's anti-inflation credibility. Garvey wrote that the above various factors “have not disappeared,” and there is still pressure on yields to “break through upward.”

Dutch International Group interest rate strategists predict that the yield on US 10-year treasury bonds will rise to around 4.75%. The upward pressure on long-term yields will once again show, while the impact of the repurchase plan announced by the US Treasury will gradually subside. “If the buyback plan is intended to fundamentally suppress the decline in long-term yield, then there is another tough battle to be fought in the future,” Paddick Garvey and other strategists wrote an article on Thursday. “We have already fought the first battle and the Ministry of Finance won, but there will be more contests in the future. We believe the 10-year yield is unlikely to fall below 4.5% anytime soon.” The strategist pointed out that when the US Treasury decided to expand the repurchase scale, the benchmark yield was about 4.7%, so it is reasonable for the yield to return to this level. The strategist said that when combined with US inflation and economic growth, the 10-year yield is about 4.8%; the 10-year Treasury yield was 4.66% on Thursday. Yields continued to rise due to large-scale issuance of corporate bonds, concerns about fiscal deficits, and market doubts about the Federal Reserve's anti-inflation credibility. Garvey wrote that the above various factors “have not disappeared,” and there is still pressure on yields to “break through upward.”