BNP Paribas Wealth Management set a 12-month target for the US 10-year yield at 4.50% for July 2026, after observing the yield around 4.40% and briefly surpassing 4.60% in May. The US 30-year Treasury yield currently stands at 5.285%, with longer-dated yields approaching post-global financial crisis highs. These levels reflect shifting expectations around inflation, growth, and US monetary policy, with FOMC meetings in September and October 2026 deemed pivotal for future rate hikes.
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