According to Jin10, Infrastructure Capital Advisors is bullish on U.S. 10-year Treasuries because it expects the Federal Reserve to raise rates only once more. The firm's CEO and portfolio manager said in a report that one more hike would align with the Fed's dot plot and is below current market pricing, and that U.S. 10-year Treasury yields typically trade 100 basis points above the Fed funds rate peak, so yields are expected to stabilize around 5% as weak housing data and subdued core CPI prompt the Fed to pause rate hikes.