Analysts warn of the delayed effects of tariffs; U.S. long-term bond yields are more likely to rise than fall

Odaily Planet Daily reports that according to the latest analysis by Bayern State Bank analysts, inflation factors may keep the yields on U.S. long-term bonds high through 2026. The report points out that the situation in 2025 is clearly favorable and better than expected: the positive surprise from U.S. tariff policies’ boost to inflation is milder than anticipated, and this positive surprise has overshadowed negative factors. However, analysts believe this lagging effect will become evident in 2026, when the surprise in inflation data may no longer be as strong as before. (Jin10)