Treasury Yield Forecast for 2014 Climb to Survey High of 3.41%

Economist forecasts for Treasury yields at the end of 2014 are the highest since Bloomberg began surveying for the figure in July amid speculation the Federal Reserve will start cutting bond purchases as soon as next week.

Yields will increase to 3.41 percent, according to Bloomberg News surveys of banks and securities companies with the most recent predictions given the heaviest weightings. The Treasury plans to sell $30 billion of three-year notes today, $21 billion of 10-year debt tomorrow and $13 billion of 30-year bonds the next day. Dallas Fed President Richard Fisher said yesterday tapering needs to begin “as soon as possible” in an economy that doesn’t need any more stimulus.