HALISTER1: TD Securities Cuts Year-End 10-Year U.S. Yield Forecast to 2.5%

TD Securities Cuts Year-End 10-Year U.S. Yield Forecast to 2.5%

(Bloomberg) -- TD Securities drops 10-year Treasury yield estimate from 2.8%; also lowers forecast for the end of 2018 to 2.75%, from 3.3%.
  • Reasons for change are reduced likelihood of fiscal stimulus, slower inflation and a somewhat less hawkish ECB
  • Fed will still hike at a faster pace than markets are expecting, according to strategists Priya Misra, Gennadiy Goldberg and Cheng Chen
  • 10Y yield currently at 2.19% and hasn’t reached 2.5% since March
  • Other UST yield forecasts for year-end 2017: 2Y at 1.6%, 5Y at 2.05%, 30Y at 3.05%
To contact the reporter on this story: Brian Chappatta in New York at bchappatta1@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Jenny Paris

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Cheng Chen (TD Securities USA LLC)
Gennadiy Goldberg (TD Securities USA LLC)
Priya Misra (TD Securities USA LLC)

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