Economics
Treasury Selloff Is About to End If Consensus Forecast Is Right
- Fed rate hike in December is ‘strongly priced in’: Mizuho
- Ten-year note yields to end 2016 at 1.75%: Bloomberg survey
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A second-half selloff in the world’s biggest bond market is coming to an end, judging by the forecasts from 65 economists.
Treasury 10-year yields have risen about 22 basis points to 1.82 percent in October as investors prepared for the Federal Reserve to raise interest rates. It’s the biggest monthly increase since June 2015. The median forecast among the economists surveyed by Bloomberg is for 1.75 percent by Dec. 31, suggesting the selloff has gone too far.