Best Treasury Forecaster Says 10-Year Yield to Drop From Highs

FTN Financial Chief Economist Christopher Low, the most accurate forecaster of Treasury note yields last year, said slowing U.S. economic growth will push 10-year yields down from the four-month highs reached this week.

Yields on 10-year notes climbed to 2.36 percent today, the highest since Oct. 28, as traders bet growth will accelerate after the Federal Reserve raised its assessment of the economy on March 13. Yields, which ended last year at 1.88 percent, will finish 2012 at 2.1 percent, Low said in an interview today.