Daniela Russell, HSBC Head of U.K. Rates Strategy, visited with Bloomberg to discuss the 10-year Treasury yield, which she sees falling to 2.3% before the end of the year.
Points discussed by Russell:
- Something unexpected can happen which introduces downside risks to growth
- Economic data in the U.S. pointing to strength
- Signs that growth is peaking in the U.S. 10-Year yield
- Worries about global trade mounting
- Treasuries in the short-term could offer value and fall to 2.3 percent by the end of the year
- Does the U.S. market continue to thrive while the global market languishes?
- Downside risks to growth that come with trade wars
- Oil prices rising also increase risk
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