UBS Asset Management Sees US Treasuries as Attractive, Expects 10-Year Yield to Fall

A major asset manager publicly calling Treasuries attractive and forecasting a lower 10-year yield is a directional view on duration, not a data point, and it lands as tokenized Treasury products compete for the same rate exposure on-chain. The call matters most for RWA platforms whose value proposition rests on yield-bearing government debt, since a sustained decline in yields would reshape the relative appeal of holding Treasuries directly versus wrapped or tokenized versions. Whether other large managers echo the phased-entry framing, and whether the yield path actually validates it over the stated horizon, is the open question.