Swedbank: Q1 US Treasury yields are expected to reach 3.9%
According to Golden Ten Data, Jussi Hiljanen, Chief Strategist at the Research Department of Sweden's Nordea Bank, stated in a report that he still expects the yield on the US 10-year Treasury bond to fall back to 3.9% in the first quarter of 2026. He pointed out that in order to achieve this target, the market must rebuild confidence in the Federal Reserve's rate-cutting path. Although recent hawkish remarks by Federal Reserve officials have increased short-term uncertainty, he emphasized that a shift to a more accommodative policy stance, lower interest rate expectations, and declining yields over the next three to four months remain his baseline scenario.
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