UBS Asset Management sings a different tune: The risk of rate hikes is approaching, and the yield spread between 2/10-year U.S. Treasury bonds may widen to 100 basis points.

According to the Wisdom Financial APP, Kevin Zhao, global sovereign and currency manager at UBS Asset Management, stated that due to the economic growth rebounding, the Federal Reserve will have to turn to rate hikes next year, leading to a significant widening of the yield spread on U.S. bonds. Zhao said, "If economic growth rebounds, unemployment falls, and inflation remains high, then by mid-next year, the reasons for the Federal Reserve to hike rates will become obvious."