Jussi Hiljanen, chief interest rate strategist at SEB Research, said in a report that US Treasury yields are expected to rise moderately, although they face opposing forces, including anticipated policy interest rate cuts and fiscal considerations, erosion of trust in US policies, unattractive valuations, and investors' shift to European bonds. The 10-year US Treasury yield is expected to be close to 4.50% in the next few months, slightly higher than the current level, and rise to 4.80% in 2026.

Jussi Hiljanen, chief interest rate strategist at SEB Research, said in a report that US Treasury yields are expected to rise moderately, although they face opposing forces, including anticipated policy interest rate cuts and fiscal considerations, erosion of trust in US policies, unattractive valuations, and investors' shift to European bonds. The 10-year US Treasury yield is expected to be close to 4.50% in the next few months, slightly higher than the current level, and rise to 4.80% in 2026.