Is this really a cycle of interest rate cuts? The institutions that caused the overnight collapse of US bonds expect yields to return to 5%! You may find it hard to imagine that even today, some Wall Street institutions still predict that the 10-year US bond yield is expected to return above the 5% mark next year. With the increasing call for gradual interest rate cuts from Federal Reserve officials, the prices of US bonds of all maturities also plummeted across the board on Monday, and the mid to long end of the yield curve generally showed exaggerated double-digit single day basis point increases