瑞典北欧斯安银行：Q1美债收益率料将达到3.9%

Core Viewpoint - The chief strategist of Nordea Bank, Jussi Hiljanen, maintains the expectation that the yield on the US 10-year Treasury will decline to 3.90% by the first quarter of 2026, although he acknowledges that the current market environment poses challenges to this forecast [1] Group 1 - To achieve the 3.90% target for Q1, the market must regain confidence in the Federal Reserve's path towards interest rate cuts [1] - Recent hawkish comments from Federal Reserve officials have increased short-term uncertainty [1] - Hiljanen emphasizes that a shift towards a more accommodative policy stance, lower interest rate expectations, and declining yields remains the baseline scenario for the next three to four months [1]