Reuters survey: US long-term bond yields are expected to stabilize first and then rise within the year, with massive bond issuances potentially making it "unfeasible" for the Federal Reserve to reduce its balance sheet Odaily Planet Daily News: A Reuters survey shows that long-term US bond yields will remain stable in the short term, but will tend to rise later this year due to concerns about inflation and Federal Reserve independence; The short-term yield is expected to decline moderately due to the bet on interest rate cuts. At the same time, nearly 60% of bond strategists (21 out of 37) believe that the issuance of huge treasury bond bonds in the coming years to finance Trump's tax cut and expenditure plans will make it impossible for the Federal Reserve to significantly reduce its balance sheet by 6.6 trillion dollars. Another Reuters survey shows that the Federal Reserve is expected to implement two interest rate cuts later this year, the first in June when Walsh took over as Fed Chair. The yield on 2-year US Treasury bonds, which are sensitive to interest rates, is expected to decrease from the current 3.50% to 3.45% at the end of April and 3.38% at the end of July. The median survey also showed that the benchmark 10-year US Treasury yield is expected to rise to 4.29% in one year, higher than last month's forecast of 4.20%. (Golden Ten)