---
title: "ING Groep: Neutral view on U.S. Treasuries in the short term, looking for opportunities to short 10-year U.S. Treasuries"
description: "ING Groep's interest rate strategist holds a neutral view on U.S. Treasuries, expecting a core PCE increase of 0.2% in the short term, which may boost market optimism and drive down U.S. Treasury yiel"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/258318202.md"
published_at: "2025-09-22T09:38:11.000Z"
---

# ING Groep: Neutral view on U.S. Treasuries in the short term, looking for opportunities to short 10-year U.S. Treasuries

> ING Groep's interest rate strategist holds a neutral view on U.S. Treasuries, expecting a core PCE increase of 0.2% in the short term, which may boost market optimism and drive down U.S. Treasury yields. It is anticipated that by 2026, the yield on 10-year U.S. Treasuries will rise to 4.5%. The strategist is focusing on opportunities to short 10-year U.S. Treasuries, believing that the Federal Reserve has little concern about the economic growth outlook, unemployment claims data indicates a positive employment market outlook, inflation data is expected to rebound, and supply-side pressures persist, with a combination of factors pointing to rising yields

ING Groep's interest rate strategists currently maintain a neutral stance on U.S. Treasuries in the short term. They point out that the core PCE month-on-month increase announced on Friday may be relatively moderate, expected to be 0.2%. This data could boost market optimism in the short term, pushing U.S. Treasury yields lower. Strategists expect that by 2026, the 10-year U.S. Treasury yield will rise to 4.5%. "We are looking for an opportunity to shift to a more bearish position on 10-year U.S. Treasuries at the right time," they explained, noting that the Federal Reserve has not shown much concern about the economic growth outlook, and the latest unemployment claims data also indicate that the current job market outlook is not bleak. Meanwhile, inflation data is expected to start rising, and supply-side pressures remain persistent. Taken together, these factors point towards an upward direction for yields

### Related Stocks

- [ING.US - ING Groep](https://longbridge.com/en/quote/ING.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 內地據報建議金融機構減持美債 憂投資集中和市場波動 | 中國監管機構建議金融機構減少持有美國國債，因擔心投資集中和市場波動風險。監管機構已口頭向主要銀行傳達指導意見，要求限制購買美國國債，並減持持倉比例較高的銀行。此舉旨在分散風險，而非出於地緣政治考慮。儘管中美關係緊張，但去年達成的貿易休戰協議 | [Link](https://longbridge.com/en/news/275277535.md) |
| 通脹降溫、非農勁爆，美股能否止跌企穩？ | 美國 1 月 CPI 同比降至 2.4%，低於預期，核心 CPI 降至 2.5%，創 2021 年來最低，市場對美聯儲降息預期升溫。美股三大指數漲跌不一，納指小幅下跌但企穩於 24700 點上方。美債殖利率全線下跌，資金回流美債。投資者關注 | [Link](https://longbridge.com/en/news/275994601.md) |
| 美股七雄變「雙熊」Meta 危危乎 亞馬遜創 20 年最長跌浪 關注股神會否再沽蘋果 | 美股七雄近期表現疲弱，部分已陷入熊市，亞馬遜創下 20 年來最長跌浪。市場對大型科技公司的資本開支及盈利能力產生質疑，尤其是亞馬遜的高額投資可能導致負自由現金流。分析指出，亞馬遜需展現投資回報以消除投資者憂慮。微軟雲業務預計在三年內超過 A | [Link](https://longbridge.com/en/news/276001219.md) |
| 巴拿馬港口｜長和啟動國際保障機制 要求當局磋商 斥馬士基接管構成損害 | 長和（001）就巴拿馬港口爭議通知巴拿馬，要求磋商並尋求解決方案。長和警告馬士基接管港口將造成損害，並可能引發法律行動。巴拿馬政府未提供港口運營保障，長和表示若港口特許經營權被迫終止，將無法繼續運營。巴拿馬海事管理局依賴馬士基成為港口臨時管 | [Link](https://longbridge.com/en/news/275768883.md) |
| 恢復石油交易 美國準企業參與委內瑞拉油氣業 | 美國進一步放寬對委內瑞拉石油產業的限制，允許美企參與當地石油業務。財政部發布許可，支持與委內瑞拉政府及國營石油公司（PDVSA）的商業往來，提供探勘、開發、生產石油或天然氣所需的資源。能源部長萊特計劃前往委內瑞拉進行相關會談。 | [Link](https://longbridge.com/en/news/275566222.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.