The 10-year U.S. Treasury yield is expected by 75% of investors to test levels below 4% in 2025, according to Bank of America's FX and rates sentiment survey in March. "Only around a fifth sees the ...
When we look at the market discount, we see US rate cuts anticipated. But we don't see a US recession discounted. For as long as the latter remains true, there is a minimal path for the US 10yr yield ...
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