Beware of 10-year US Treasury yields at 5%
Several factors may push longer-dated Treasury yields towards 5%, raising the prospect of a third straight year of negative returns
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THE hawkish pause by the Fed’s Federal Open Market Committee has worried investors that more rate hikes may be in the offing from the US central bank.
However, we believe investors should be increasingly concerned that longer-dated yields, comparatively well-behaved for much of the year, will continue to rise.
Several factors are set to push such yields towards 5 per cent and potentially beyond as we enter 2024, we predict.
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