We still expect US 10-year yield to end 2018 at around 3.0%, but risks of a rise to 3.5% have increased.The 10-year Treasury yield broke through the key 3% threshold last week– as we had expected it would at some stage in our central scenario. We are sticking to this central scenario, which sees the 10-year Treasury yield ending the year at around 3%, but with some spikes above this level in Q2 and Q3 due to inflation fears.The central scenario (to which we assign a 55% probability) for US...
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