UBS Expects U.S. Treasury Yields to Fall Despite Oil Price Rise to $80/bbl

UBS-0.66%
According to Yahoo Finance on July 9, UBS expects U.S. Treasury yields to decline as secondary inflation effects remain limited. The bank noted that while persistent inflation concerns are currently driving up global bond yields, rates should fall over time as central banks gain confidence that inflation second-round effects will be contained. U.S. 10-year Treasury yields stood at 4.56%, while 30-year yields reached 5.07%, driven higher by renewed U.S.-Iran tensions that lifted Brent crude to $80 per barrel.
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