BlockBeats News, May 23rd, SEB Research Chief Rate Strategist Jussi Hiljanen said in a report that the US long-term bond yield may rise further, partly because market confidence in US policy is waning. "Confidence in US policy is being eroded, considering the FX hedging cost, unattractive valuation, and investors turning to European bonds, all indicate that long-term US yield faces structural upward pressure. It is expected that the long-term bond yield will rise moderately, but fiscal policy may trigger a significant repricing of US Treasuries." (FXStreet)
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