"The Chief Investment Officer of AXA IM Investment Institute, Chris Iggo, stated that interest rates are currently at their peak, but the pace of rate cuts may be slow. Therefore, long-term bond yields are unlikely to significantly rise or fall from their current levels. The risk of further interest rate hikes by the Federal Reserve has disappeared, which should mean that the yield on 10-year US Treasury bonds is unlikely to be significantly higher than the trading range seen this year. Therefore, the current risk of long positions is lower than in the past. However, long-term bond yields are also unlikely to significantly decrease, as inflation remains above the target level and monetary easing policies will be implemented slowly."
