UBS adjusts the target for U.S. Treasury yields, raising it to 4.8%
UBS strategist Phoebe White stated that UBS has abandoned its recent bullish stance on short-term U.S. Treasuries, raising its year-end target for the 10-year U.S. Treasury yield from 4.35% to 4.8%, and adjusting the 2-year target from 3.95% to 4.5%.
The 2-year U.S. Treasury yield rose 2 basis points to 4.568%, the highest since July 2024.
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