Bond Market Storm Builds Behind Wall Street’s Serene Yield Call
- Consensus sees 10-year yield rising a mere 31 basis points
- Yet some strategists warn of volatility ahead after wild 2016
Hunting for Yield in Post-Election Markets
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For all the talk about the end of the bull market in bonds, the consensus on Wall Street for the year ahead is for the smallest projected change in yields since 2008.
The benchmark 10-year Treasury yield will rise to 2.75 percent at year-end, less than a third of a percentage point above where it began 2017, and compared with about 2.35 percent at around mid-day Tuesday in New York, according to the median estimate of 62 strategists and economists surveyed by Bloomberg. Yields moved that much in just two days after the U.K. vote in June to leave the European Union.