Three reasons why QT won’t drive UST yields up much
A reassessment of the prospects for interest rates will probably play a far bigger role than the Fed’s quantitative tightening (QT) in influencing Treasuries next year. Indeed, we expect the 10-year yield to fall back to 2.5% after the Fed stops hiking rates in mid-2019, which is sooner than investors envisage.
Access this publication and more, take our free trial subscription today.
Free TrialAlready a subscriber? Simply log in to view this article.