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Franklin Templeton: The US deficit continues to expand, and the yield on the 10-year US Treasury bond may rise above 5%.

Franklin Templeton believes that as the US government increases debt supply to offset trillions of dollars in deficits, the yield on 10-year US Treasuries could rise to 5% or higher. Sonal Desai, Chief Investment Officer of the Fixed Income Department at Franklin Templeton, said in an interview, 'A 4.5% to 5% yield on the 10-year US Treasury is reasonable.' She said that if investors see a 'significant expansion' in the US deficit, the yield on US benchmark treasuries could even 'exceed 5%.' Desai, along with JPMorgan Asset Management and T. Rowe Price, have all warned that

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