德商银行：美德国债收益率下行空间有限

Core Viewpoint - Deutsche Bank's interest rate and credit research head, Christoph Rieger, expresses confidence in their bond yield forecasts, indicating limited downward potential for yields in the long term [1] Group 1: Bond Yield Predictions - Deutsche Bank expects a slight decline in the yields of the US 10-year Treasury and German long-term bonds by the end of Q3 [1] - The anticipated decline is based on the expectation that both the European Central Bank and the Federal Reserve will lower interest rates in September, a factor not yet fully reflected in long-term rates [1] Group 2: Market Dynamics - Rieger notes that additional rate cuts by the Federal Reserve are expected to be fully absorbed by the yield curve, resulting in limited impact on long-term yields [1]