0507 GMT - The 10-year U.S. Treasury yield is likely to stabilize near term, staying in the 4.90%-5.10% range, says SEB's Jussi Hiljanen in a note. The re-escalation of the Middle East conflict has pushed bond yields higher, while this week's hawkish Fed message added to the pressure, the chief rates strategist says. "With short positioning stretched and Fed pricing aggressive, we expect the 10Y Treasury yield to consolidate in a 4.90-5.10% range for now."
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