Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high
Publishing timestamp: 2024-01-03 19:33:55
Summary
The article predicts that the benchmark 10-year Treasury note yield will reach 5.5%, its highest level since May 2001. The prediction is based on the strength and resiliency of the economy, with the belief that the economy can handle higher interest rates. The forecast takes into account factors such as inflation bottoming around 3% and stable demand. The article also mentions the potential impact of the Federal Reserve cutting interest rates three times this year.
Sentiment: NEUTRAL
Tickers: US10Y,
Keywords: markets, u.s. 10 year treasury, business news, interest rates, federal reserve bank, recessions and depressions, monetary policy, economy, u.s. treasury bonds, treasury notes, wall street, inflation, jerome powell, breaking news: investing, george w. bush, cnbc magnificent 7 index, breaking news: markets, stock markets, bonds, breaking news: economy, investment strategy,
Source: https://www.cnbc.com/2024/01/03/bond-yields-surging-to-highest-level-in-decades-jim-bianco.html