Yields to see gradual rise, uptrend intact

If the view is that the Fed is hiking rates, we expect this to happen only in 2023.

THE 10-year US Treasury yields (UST10), which act as a key reference point for global assets around the world, fell to 1.18% earlier in August following a sharp rise of debt prices.

It happened despite the US economy recovering strongly and growing signs that the US Federal Reserve (Fed) is on the edge of rolling back its stimulus programme, which typically should send yields rising.