Analysts: US 10-year Treasury yield may lack a clear trend

According to Mars Finance, on June 26th, SEB Chief Strategist Jussi Hiljanen stated in a report that as market hopes for a lasting peace agreement between the US and Iran rise, the yield on the 10-year US Treasury note has risen towards 4.40% and is likely to fluctuate around this level in the coming months. He stated, "We believe that the yield on the 10-year US Treasury note is likely to lack a clear trend in the coming months, fluctuating mostly within the 4.30% to 4.50% range." Hiljanen added that SEB still believes that a lasting solution to the Middle East conflict alone is unlikely to trigger a downward trend in US Treasury yields; this also requires support from macroeconomic data and policy communication from the Federal Reserve.