📝 Year-end 2-Year Yield Seen At 2.75%, 10-Year At 2.45%: Citi Rates Strategy

Forecasts factor for a year-end pricing of fed funds rate at 3% lower bound. An overweight allocation to Treasuries may make sense for investors following their 5.7% 1Q loss based on historical periods of similar rates sell-offs - Citi G10 Rates Strategy