HALISTER1: JPMorgan Lowers 10-Year U.S. Treasury Forecast on Risk, Growth

JPMorgan Lowers 10-Year U.S. Treasury Forecast on Risk, Growth

(Bloomberg) -- JPMorgan lowered year-end forecast for 10-year treasury yields to 2.15% from 2.45%, according to March 4 note.
  • Revision driven by two separate, though related factors:
    • As investor risk appetite remains low, requiring an unlikely decisive improvement in both the domestic and global macro outlook in order to change sentiment in the next few months
    • Recent curtailment of growth expectations and growing investor concern as to how long current expansion will last
  • Expects term premium to stay more depressed than previously expected
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Michael Wilson (JPMorgan Chase & Co)

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