23-04-2025
- Business
- Wall Street Journal
U.S. 10-Year Treasury Yields Likely to Stay in 3.5%-5.0% Range
1023 GMT – U.S. 10-year Treasury yields are likely to remain within a range between 3.5% to 5%, says Allspring Global Investments' Noah Wise. The Trump administration's policy changes have caused volatility in Treasurys but the risks remain balanced, with potential for yields to rise or fall, the senior portfolio manager says. He doesn't expect a significant shift in the yield range. Yields dipping below 3.5% would likely signal a recessionary environment, while yields climbing above 5.0% would suggest a scenario where inflation expectations are structurally higher, he says. The 10-year Treasury yield falls 6 basis points to 4.332%, according to Tradeweb. (
0907 GMT – Eurozone government bonds have the potential to benefit from investors' loss of confidence in U.S. assets, says MUFG's Derek Halpenny in a note. German Bunds have been outperforming U.S. Treasurys while the French OAT-German Bund yield spread has been relatively stable, the head of research says. Data from Japan's ministry of finance for February confirm this. Combined purchases of bonds from Germany, France, Italy and Spain—the eurozone's four largest sovereign issuers—reached the highest level since March 2019, he says. Purchases from these countries amounted to 1,604 billion yen, of which the buying of French bonds amounted to 618 billion yen, the highest since June 2019, he says. (
