Strategist: Fiscal policy may trigger a significant repricing of U.S. Treasuries.

Jin10 data reported on May 23, SEB Research's Chief Interest Rate Strategist Jussi Hiljanen said in a report that the yield on U.S. long-term Treasury bonds may rise further, partly due to diminishing market confidence in U.S. policies. "Trust in U.S. policies is eroding, considering the forex hedging costs, the lack of attractiveness in valuations, and investors turning to European bonds, all indicating that long-term U.S. yields are facing structural upward pressure. It is expected that long-term Treasury yields will rise moderately, but fiscal policy may trigger a significant repricing of U.S. Treasury bonds."