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According to a report by Golden Ten Data, Christian Lenk, an analyst at Deutsche Bank, said that speculation about the Fed raising interest rates is reasonable, but the lower than expected inflation data in June does not necessarily mean that the Fed will raise interest rates. Christian Lenk said that the speculation about the key interest rate was reflected in the long end of the yield curve of US treasury bond bonds. The German Central Cooperative Bank predicted that the volatility of 10-year US treasury bond would remain moderate, and the yield of 10-year US treasury bond would fall back to 4.40% in 12 months.