UBS Abandons Near-Term Bullish View on Short-End U.S. Treasurys
Dow Jones
Yesterday
0525 GMT - UBS was stopped out of long positions in two-year Treasurys earlier this week, and it abandons its near-term bullish front-end bias, strategist Phoebe White says in a note. UBS also lifts its year-end target for the 10-year Treasury yield to 4.80% from 4.35%, and adjusts the two-year target to 4.50% from 3.95%, roughly in line with forwards, she says. The two-year Treasury yield rises 2 basis points to 4.568%, having reached 4.596% earlier in the session, highest since July 2024, according to Tradeweb.
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