HSBC expects US bond yields to continue to decline in the coming months.

The data from Jinshi on October 11th, HSBC’s global head of fixed income research, Steven Major, and global Interest Rate strategist Shubham Sharma, stated that HSBC remains bullish on US treasuries, expecting yields to drop. In a statement, they said: ‘After yields have dropped for five consecutive months and the Fed’s 50 basis point rate cut in September, we still believe it is too early to take a bullish stance on bonds. We believe there is still room for yields to drop further in the coming months.’