Woofun AI reports that Citigroup interest rate strategists have increased their year-end projection for the 10-year US Treasury yield to 3.9%, revising the previous target of 3.75% in response to the Federal Reserve's hawkish posture during its June meeting. Despite this adjustment, the bank maintains a medium-term bullish stance on US Treasuries, asserting that recent Middle East conflicts are unlikely to drive core inflation and that labor market risks lean toward weakening rather than strengthening.