U.S. Treasurys are likely to weaken in Tokyo as investors still see room for further downside in the prices of the safe-haven assets. Kazuaki Ohe, executive director at the debt department of CIBC World Markets in Tokyo, says that 10-year U.S. Treasury yields will rise to at least 2.2%, equivalent to the U.S. inflation rate on a CPI basis. "Investors will unload more Treasurys before they start buying them again. They will seize any opportunity to take profits," he says. Overnight in New York, 10-year note slumped to 98 27/32 yielding 2.130%, while 2-year note edged down to 99 26/32 yielding 0.346%.