ME News reported on October 12 (UTC+8) that Infrastructure Capital Advisors is bullish on U.S. 10-year Treasury bonds, citing its expectation that the Federal Reserve will raise interest rates only once more. The firm's CEO and portfolio manager said in a report that one more rate hike is consistent with the Fed's "dot plot" (its policymakers' projections for interest rates) and is below what the market currently expects. He said: “The yield on the U.S. 10-year Treasury typically runs 100 basis points above the terminal federal funds rate. Therefore, we expect it to stabilize at around 5% as weak housing data and subdued core CPI prompt the Fed to pause rate hikes.” (Source: ME)