Flash: US Treasurys to fall back to 2.10% in 12 months - HSBC

FXstreet.com (Barcelona) - According to Steven Major, CFA, Strategist at HSBC, US Treasury yields have gone far enough to now settle in a range around current levels.

Key Quotes

"US Treasury yields are high enough to offer value again, unless interest rate or inflation expectations pickup"

"Term premium is currently more important than these factors in determining the yield on bonds"

"We see 10-year yields falling back to 2.10% in 12 months' time, below consensus expectations"