Around 75% of the 90-basis-point rise in the 10-year Treasury yield since September is due to an increase in the term premium, SEB said, adding it maintains its end-2025 forecast of 4.75%.
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and Wrightson ICAP LLC are among firms that say the Treasury could hold less money in its account at the Fed as its cash balance — a buffer of funds to ensure the US can always pay its bills ...