Reported 11 months ago
A Reuters poll of bond strategists predicts that U.S. Treasury yields will plateau in the next three months and then slightly decrease by year-end due to diminishing expectations of Federal Reserve interest rate cuts. The yield on the benchmark U.S. 10-year Treasury note is forecasted to decline from its current level of 4.44% to 4.23% and 4.13% in six and twelve months respectively, as per the poll conducted from June 6-11. The survey indicates that economic data and inflation above the Fed's target have led to a reevaluation of rate cut expectations, resulting in higher yields despite recent volatility.
Source: YAHOO