Here's to hoping... By David Randall
NEW YORK (Reuters) - Several of Wall Street's biggest names are calling a top on longer-dated Treasury yields, after yields on the benchmark 10-year note briefly rose above 5% earlier this week to hit their highest level since 2007.
Analysts at UBS Global Wealth Management, which oversees $3.1 trillion, on Tuesday said Treasury yields are unlikely to rise further, adding to a chorus of investors saying that the selloff in U.S. government bonds is nearing an end.