Ten-Year U.S. Treasury Yield Seen on Track Toward 5%
Jerome Powell’s comments that it was likely to take “longer than expected” to achieve the level of confidence needed to cut rates had a relatively muted market reaction, “but we think that’s coming, or at least part of a process that will ultimately see the 10-year [Treasury yield] back in the 5% area,” ING said.
Jerome Powell’s comments that it was likely to take “longer than expected” to achieve the level of confidence needed to cut rates had a relatively muted market reaction, “but we think that’s coming, or at least part of a process that will ultimately see the 10-year [Treasury yield] back in the 5% area,” ING said.
