Treasury yields, which remain very low despite massive levels of government borrowing, are on the precipice of moving higher, said John Canavan, bond strategist for Oxford Economics. “Treasury yields are showing signs this week of breaking out of the narrow ranges that have held for the past couple of months,” he wrote, adding, “Treasury yields are testing key technical levels in response to supply pressures this week, and we expect rates will rise gradually toward 1.70% through the end of the year.” Those levels are still historically low, but if borrowing costs do increase, they could increase headwinds for the economy...
Oxford Economics Expects 10-Year Treasury Yield to Start Modest March Higher - The Wall Street Journal
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