[Citigroup: Raises 10-Year U.S. Treasury Yield Target but Remains Bullish on Bonds] Odaily Planet Daily News – Citigroup rate strategists stated in a report that they have slightly raised their year-end forecast for the 10-year U.S. Treasury yield to 3.9%, up from the previous target of 3.75%. This adjustment was made following the Federal Reserve's hawkish stance at its June meeting. However, Citigroup strategists still maintain a medium-term bullish view on U.S. Treasuries, as they believe the recent Middle East conflict will not drive inflationary pressures into core inflation. They also noted that they see the balance of risks tilting toward a weakening labor market rather than a strengthening one. (Jin10)