HSBC Sees Rise in U.S. Treasury Yields as Overdone -- Market Talk

Dow Jones11-14 21:04

1304 GMT - HSBC keeps a bullish stance on U.S. Treasurys, expecting yields to fall. "Yields have moved meaningfully higher and a lot is already in the price," the bank's Steven Major and Shubham Sharma say in a note. The reversal of the summer rally in Treasurys looks overdone, prompting HSBC to keep the near-term conviction at bullish. For the end of 2025, HSBC has raised its forecast for 10-year Treasury yields to 3.5% from 3.0%, reflecting uncertainty over the floor of the Federal Reserve's rate cuts. The 10-year Treasury yield is trading at 4.447%, down about 0.5 basis points, according to Tradeweb. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

November 14, 2024 08:04 ET (13:04 GMT)

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For the end of 2025, HSBC has raised its forecast for 10-year Treasury yields to 3.5% from 3.0%, reflecting uncertainty over the floor of the Federal Reserve's rate cuts. The 10-year Treasury yield is trading at 4.447%, down about 0.5 basis points, according to Tradeweb. 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