Societe Generale continues to expect that government bond yields will rise and bond curves will steepen in the medium term due to a reflationary policy mix in the U.S. and the eurozone, as well as a global economic recovery, the bank's rates strategists say. Societe Generale expects 10-year U.S. Treasury yields to rise to 2% by the end of the year, compared with the current level of 1.652%, according to Tradeweb. Societe Generale says the current bullish correction, where U.S. yields are below their recent peaks, presents an opportunity to reset medium-term reflation trades.
(emese.bartha@wsj.com)
(END) Dow Jones Newswires
April 09, 2021 03:31 ET (07:31 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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