UBS Abandons Near-Term Bullish View on Short-End U.S. Treasurys — Market Talk

UBS was stopped out of long positions in two-year Treasurys earlier this week, and it abandons its near-term bullish front-end bias, strategist Phoebe White says in a note. UBS also lifts its year-end target for the 10-year Treasury yield to 4.80% from 4.35%, and adjusts the two-year target to 4.50…