Reported about 1 month ago
T. Rowe Price's head of fixed income, Arif Husain, predicts that long-term interest rates, particularly the yield on the 10-year U.S. Treasury note, could rise to 5% within six months despite current expectations of a rate decrease. This prediction stems from factors such as reduced yield increases on short-term Treasury bills due to Fed rate cuts, increased bond issuance to address the rising budget deficit, and the impact of the Fed's quantitative tightening policy, which has decreased the demand for Treasuries.
Source: YAHOO