SocGen Lowers End-2017 UST 10Y Forecast to 2.70% From 2.90%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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GLE FP (Societe Generale SA)
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Subadra Rajappa (Societe Generale SA)
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UUID: 7947283
(Bloomberg) -- U.S. Treasury yield forecast is revised lower “with risks tilted to the downside,” based on lower expectations for tax cuts and other pro-growth policies, slowdown in core inflation and market-implied skepticism that Fed can raise rates more than once next year, Societe Generale strategists led by Subadra Rajappa say in note.
- Soc Gen still expects “modest rise” in yields this year driven by possibility of Fed rate hikes, balance sheet normalization and potential for ECB tapering
- Firm recommends neutral duration stance near term, bearish tilt medium term
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
GLE FP (Societe Generale SA)
People
Subadra Rajappa (Societe Generale SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283