Bank of America has set a 2.15% target for the U.S 10-year Treasury yields by year-end, according to Reuters. The bank revised the target up citing “much more aggressive” U.S fiscal stimulus impulse and rapid vaccinations.
BofA also revised up its target for German 10-year Bund yields from -0.40% to -0.25% reflecting the potential for further economic surprises in the U.S
The bank forecasts Britain’s 10-year Gilt yields to hit 0.95% by year-end, balancing a positive near-term economic outlook against a cautious medium-term outlook.
U.S 10-year Treasury yield is currently 1.715%.
