BofA cuts 10-year Treasury yields forecast to 1.55% by year-end from 1.90% previously

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BofA not as convinced of the rise in bold yields as they were before

Their latest view is likely based off the Fed tapering by year-end and higher inflation expectations should keep some outlook about tightening/raising rates intact as we move towards 2022.

That said, 1.55% is nothing significant when you take into account the big picture of 10-year Treasury yields. The Fed may taper and lay the groundwork to hike rates but it isn’t likely to alter the overall trajectory in yields:

USGG10YR

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