Mizuho Securities said that as high yields attract investor demand, the sell-off of US bonds may slow down. “Expectations of the Federal Reserve's interest rate hike are increasingly reflected in the short end of the yield curve,” said Hidehiro Joke, a senior bond strategist at Mizuho Securities in Tokyo. “It seems unlikely that the 10-year yield will rise further to 5.25% or 5.5%, because holding income should be enough to offset a slight increase in financing costs,” and “inflation is expected to slow down as the impact of tariffs weakens.” I doubt that the Federal Reserve will maintain high interest rates without cutting interest rates, as currently expected by the market.”

Mizuho Securities said that as high yields attract investor demand, the sell-off of US bonds may slow down. “Expectations of the Federal Reserve's interest rate hike are increasingly reflected in the short end of the yield curve,” said Hidehiro Joke, a senior bond strategist at Mizuho Securities in Tokyo. “It seems unlikely that the 10-year yield will rise further to 5.25% or 5.5%, because holding income should be enough to offset a slight increase in financing costs,” and “inflation is expected to slow down as the impact of tariffs weakens.” I doubt that the Federal Reserve will maintain high interest rates without cutting interest rates, as currently expected by the market.”