Citi Wealth Says Treasuries at 5% a Buy as Yields March Higher
- Close to 5% “certainty possible” for benchmark yields: Wieting
- Traders are pushing back expectations on next Fed rate cut
This article is for subscribers only.
US Treasury 10-year yields can rise further to 5% as the economy hums along, a level that would offer a buying opportunity, according to Citigroup Inc.’s wealth division.
“Close to five is certainly possible” this year, Steven Wieting, chief investment strategist and chief economist, said on 10-year US yields. “Five would be something that we would think would be really appealing,” he said in a briefing in Singapore.