Why Deutsche Bank says it’s time to short the 10-year Treasury - MarketWatch
1. Deutsche Bank believes market overestimates interest rate cuts potential. 2. They added a short U.S. 10-year Treasury position anticipating rising yields. 3. Correlation between SOFR and 10-year Treasury yields remains strong despite recent fluctuations. 4. Market expects three more interest rate cuts from the Federal Reserve this year. 5. Futures suggest terminal interest rate around 3% in the next year.