JPMorgan Chase: Raises year-end US Treasury yield expectations.

Strategists led by Jay Barry at J.P. Morgan have raised their year-end expectations for the yield on the 10-year U.S. Treasury bond to 4.35% in 2025, up from 4% previously. They also increased their year-end expectations for the two-year U.S. bond yield to 3.5%, from 3%. The easing of the tariff tensions initiated by President Trump is a positive for the U.S. economy, and the Federal Reserve may delay rate cuts. Earlier, J.P. Morgan economists had already pushed back their expectations for a Fed rate cut from September to December.