Strategist: The fiscal policy may trigger a significant repricing of US treasury bond bonds

BlockBeats reported that on May 23, Jussi Hiljanen, chief interest rate strategist of SEB Research, said in a report that the yield of long-term U.S. treasury bond bonds may rise further, partly because the market's confidence in U.S. policies is fading. "The trust in U.S. policies has been eroded. Considering the cost of foreign exchange hedging, the lack of attractiveness of valuation, and investors' shift to European bonds, all indicate that long-term U.S. yields are under structural upward pressure. It is expected that long-term treasury bond yields will rise moderately, but fiscal policy may trigger a significant repricing of U.S. treasury bond." (Jin Shi)