[Man Group’s Rowe warns of the risk of stagflation in the United States and the 10-year U.S. Treasury yield is expected to rise to 5.5%] On November 14th, Matthew Rowe of the Man Group said that he is increasingly worried that the U.S. economy will fall into stagflation and believes that this risk may push the 10-year U.S. Treasury yield to rise to 5.5% early next year. Rowe, a senior portfolio manager and managing director of solutions at Man Group, which manages $271 billion in assets, said bond yields across maturities are likely to continue to rise as the Federal Reserve pushes interest rates high enough to trigger a mild recession. The 10-year U.S. Treasury yield rose slightly to 5.14% on Friday. At the same time, the oil shock from the Iran war, U.S. President Donald Trump's tariffs and a boom in artificial intelligence investment are likely to keep inflation high, a situation that could lead to a milder version of the stagflation compared to the 1970s. "As inflation persists and the Fed is in trouble, stagflation has quietly entered the baseline scenario," Rowe said.