The 10-year U.S. Treasury yield close to 3.9% is consistent with a scenario whereby recession risk is mounting and the Federal Reserve is ready to cut interest rates, but over a longer horizon it should eventually settle higher, ING said.
The 10-year U.S. Treasury yield close to 3.9% is consistent with a scenario whereby recession risk is mounting and the Federal Reserve is ready to cut interest rates, but over a longer horizon it should eventually settle higher, ING said.