Citigroup: Maintain the steeper view of the US debt curve
Source: golden
Time: 2025-09-08 15:09:57
Golden Finance reported that Citi Research strategists said in the report that their core views on U.S. Treasury bonds remain unchanged after U.S. non-farm employment data were inferior to expectations last Friday. They expect the 5-year and 30-year Treasury yield curve to steeper further, while the Fed will implement lower interest rates in 2026 and 2027. They pointed out that the risk of the steeper 5/30-year Treasury yield curve is that if the 30-year Treasury yield rises above 5% in a massive sell-off, it may attract demand backflow. Strategists believe that the market still underestimates the risk of 5-year Treasury bonds pushing a sharp steeper rate of return on 5/30 years. (Jin Shi)