Amundi Investment Institute maintains a neutral view on U.S. Treasury duration for now. "Robust U.S. labor data and high inflation are putting upward pressure on U.S. rates and confirm a neutral stance in U.S. duration," it says in its mid-year outlook. Amundi sees value on the middle part of the curve and continues to believe that the Treasury curve will steepen. The five-year U.S. Treasury yield falls 0.9 basis points to 4.134%, while the 10-year yield falls 0.6 basis points to 4.368%, according to Tradeweb. (emese.bartha@wsj.com)
Dow Jones Newswires
Amundi Stays Neutral on U.S. Treasury Duration — Market Talk
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Amundi Investment Institute maintains a neutral view on U.S. Treasury duration for now. "Robust U.S. labor data and high inflation are putting upward pressure on U.S. rates and confirm a neutral stance in U.S. duration," it says in its mid-year outlook. Amundi sees value on the middle part of the c…