The 10-year US Treasury bond will continue to trade within a range.

The interest rate strategist at the French bank Societe Generale said in a report that they expect the yield on 10-year US Treasury bonds to remain in the range of 4.0%-4.5% in the coming months. They stated, "Although we expect term premiums to increase slightly, the rise in long-term yields may be limited, so the steepening trend may weaken." The strategists predict that the Federal Reserve will cut interest rates twice in the second half of 2025 to address slowing economic growth and employment.