Treasury Yields Forecast to Fall, Though Not as Sharply as Previously Predicted
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U.S. Treasury yields are expected to fall in coming months according to bond strategists, though not as sharply as previously forecast.
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The 10-year Treasury yield breached 5% last month for the first time since July 2007, over 1% higher than August lows.
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Analysts overwhelmingly believe the 10-year yield has peaked in the current cycle, despite being wrong for 4 straight months.
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The 10-year yield is forecast to fall to 4.52% in 3 months and 4.00% in a year from 4.62% currently.
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Roughly one-third of strategists expect yields to stay higher in the near-term, though most see declines by January.