ChainCatcher news, according to Jinshi reports, Societe Generale predicts that by the end of 2025, the 10-year U.S. Treasury yield will rise to 4.5%, while the 2-year U.S. Treasury yield will fall to 3.5%.

The reason is that the Federal Reserve's continued interest rate cuts will lower short-term rates, but by stimulating the economy and increasing the fiscal deficit, it will also increase the demand for long-term government bonds, leading to a rise in long-term yields.

Additionally, Trump's tariff plan may raise inflation expectations, and the U.S. government is expected to increase the issuance of government bonds to address the fiscal deficit, all of which will push yields higher.