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Franklin Templeton: The US deficit continues to expand, and the yield on the 10-year US Treasury bond may rise above 5%.
Franklin Templeton believes that as the usa government increases debt supply to offset trillions of dollars in deficits, the yield on 10-year US Treasuries may rise to 5% or higher. Sonal Desai, Chief Investment Officer of the Fixed Income Department at Franklin Templeton, said in an interview, 'A 4.5% to 5% yield on 10-year US Treasuries is reasonable.' She said that if investors see a 'substantial expansion' of the usa deficit, the yield on US benchmark bonds could even 'exceed 5%'. Desai, along with JPMorgan Asset Management and T. Rowe Price, have all warned
Financial industry executives expect the Trump administration to stimulate large banks' mergers and acquisitions.
On November 13, according to Reuters, executives and analysts from the american financial sector stated that as former President Trump returns to the White House, government-appointed regulators are likely to adopt a more favorable stance toward approving large trades, which may lead to a wave of bank mergers and acquisitions.