Gelonghui May 17| Chris Iggo, chief investment officer of AXA IM Investment Institute, saidindianajonespinballmachineInterest rates are at their peak, but the rate of interest cuts may be slow, so long-term bond yields are unlikely to rise or fall significantly from current levels. The risk of the Fed raising interest rates further has disappeared, which should mean that U.S. 10-year Treasury yields are unlikely to be significantly higher than their trading range so far this year. As a result, long-term positions are now less risky than in the past. However, long-term government bond yields are unlikely to fall significantly because inflation remains above target and monetary easing will be slow.
