According to Jin Shi data reports, Morgan Stanley Research pointed out that U.S. Treasury bond investors are focused on economic slowdown and expectations of Federal Reserve rate cuts. It is expected that by the end of 2025, the 10-year Treasury yield will drop to 4.00%, slightly above 3.00% by the end of 2026.
Analysts believe that the outlook for Federal Reserve rate cuts will exceed market pricing, pushing Treasury yields lower, especially starting from early 2026.