According to ChainCatcher, citing Jinshi, Jussi Hiljanen, Chief Rate Strategist at SEB Research, stated in a report that US long-term government bond yields may further increase, partly because market confidence in US policies is diminishing.
Jussi Hiljanen emphasized, "Trust in US policies is being eroded. Considering foreign exchange hedging costs, lack of attractiveness in valuation, and investors turning to European bonds, all indicate structural upward pressure on long-term US yields. Long-term government bond yields are expected to rise moderately, but fiscal policy may trigger a significant repricing of US Treasury bonds."
