Swiss Economicblogs.org
Taking into account last December’s fiscal reforms in the US, we have revised up our end-of-the year target for the 10-year Treasury yield.Given our expectations of a rebound in core inflation, accelerating growth and a faster rise in the Fed funds rate this year, we now expect the 10-year US Treasury yield to rise from 2.7% as of 29 January to 3.0% by the end of 2018 (our previous forecast for end-2018 was 2.6%). This rise is likely to be driven by both inflation expectations and TIPS...
Read More »Ten-year Treasury yield has further to rise
