Jefferies: Downside for U.S. Treasury Yields Is Limited

Jefferies global economist Mohit Kumar said in a report that there is limited room for the 10-year US Treasury yield to fall further from its current level. Jefferies believes that German government bonds have higher return potential, and compared to that, they prefer to hold an underweight position in US Treasury bonds. Kumar pointed out: "We still believe that from the current level, US Treasury bonds are unlikely to see a significant rebound." (Golden Ten)