瑞银资管的基金主管计划明年逢高卖出10年期美债，押注长短期利差扩大

Core Viewpoint - UBS Asset Management's Kevin Zhao plans to capitalize on the significant rise in 10-year U.S. Treasury yields next year by selling, anticipating that a dovish Federal Reserve and President Trump's efforts to stimulate growth before the midterm elections will reignite inflation [1] Group 1: Economic Outlook - The market may begin to price in the risk of a Federal Reserve interest rate hike by the end of next year, which could diminish the attractiveness of long-term U.S. Treasuries [1] - Economic growth is expected to accelerate, putting pressure on the Federal Reserve to raise rates by 2027, especially if the new Fed Chair continues to push for rate cuts despite strengthening growth signals [1] Group 2: Market Dynamics - The interest rate spread between long-term and short-term Treasuries is projected to widen to its widest level since 2021 [1]