Swiss Economicblogs.org
We are sticking with our core scenario of a 10-year Treasury yield of 2.8-3.0% by year’s end. However, the chances of a yield as low as 2.5% are rising.At the beginning of 2017, in our outlook for sovereign bonds, we forecasted that the 10-year US Treasury yield would rise to 2.8-3% by year’s end. However, yields have been stuck in a range of 2.2-2.6%, so a review looks warranted.Indeed, the risk has increased of an alternative to the core scenario, but we are sticking to our target. We...
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