Treasury Bears Eye Tax Talks as Trigger for Yields to Rise Again
- Yellen made detailed pitch for new corporate code Wednesday
- Benchmark 10-year yield to reach 2% this year: TD Securities
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This month’s retreat in Treasury yields is temporary and tax negotiations among U.S. lawmakers may provide the next trigger for rates to run higher.
That’s the view of Priya Misra, global head of rates strategy at TD Securities in New York, who sees 10-year yields headed for 2% by year end, though “not in a straight line.”