Strategist: Fiscal policy could trigger a significant repricing of U.S. Treasuries
2025-05-23 06:34:53
Jussi Hiljanen, chief interest rate strategist at SEB Research, said in a note that long-term U.S. Treasury yields could rise further, in part because confidence in U.S. policy is fading. "Erosion of trust in U.S. policy, unattractive valuations given the cost of foreign exchange hedging, and investors' shift to European bonds all point to structural upward pressure on long-term U.S. yields, which are expected to rise modestly, but fiscal policy could trigger a significant repricing of U.S. Treasuries." (Golden Ten)
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