After some brief respite, US Treasuries have come under fire again. Indeed, the 10-year yield has now rebounded to its highest level since last spring. We expect its rise to continue this year, as the Fed tightens policy by more than investors are discounting. However, we think that the yield will peak at a low level by the standards of the past and drop back in 2019, as the tightening cycle ends earlier than expected.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services