Singapore Bank: The safe haven status of US bonds is precarious, highlighting the view that the US dollar is at its peak

BlockBeats News: On May 19th, Mansoor Mohi uddin, Chief Economist of Bank of Singapore, stated in a research report that the downgrade of the US credit rating last Friday had a broad impact on its economic outlook. First, the deteriorating financial situation of the United States has strengthened its view that the yield of long-term US treasury bond bonds will rise over time. The bank continues to predict that the yield of 10-year US treasury bond bonds will reach 5.00% in the next 12 months. Secondly, the threat to the safe haven status of US treasury bond bonds highlights the bank's view that the US dollar has peaked. Finally, the huge deficit and inflation in the United States may force the Federal Reserve to maintain high interest rates for a longer period of time. (Golden Ten)