U.S.: 10-year Treasury yield to rise a bit further driven by higher inflation compensation - Capital Economics
12.02.2021, 12:42

U.S.: 10-year Treasury yield to rise a bit further driven by higher inflation compensation - Capital Economics

FXStreet notes that the 10-year US Treasury yield has risen by ~25bp so far this year. With a large fiscal stimulus package looking increasingly probable in the U.S., and the Fed unlikely to push back on higher inflation expectations, economists at Capital Economics think the yield of 10-year U.S. Treasuries may rise a little further. 

“Fed policy will keep a lid on the real yield. We think the Fed will tighten monetary policy only very slowly, even if the economy recovers quite rapidly, in order to achieve its new goal of a period of sustained above-target inflation.”

“Inflation compensation could rise further still. The economic outlook has improved a bit lately. The vaccination rollout has begun relatively smoothly. And the outcome of the Georgia Senate runoff elections increased the chances of a significant fiscal boost to the economy. All of this increases the prospects of a more rapid recovery, and higher inflation, this year.”

“We expect the 10-year US Treasury yield to rise a bit further over the next two years, driven by higher inflation compensation. We have revised our end-2021 and end-2022 forecasts for the Treasury yield to 1.50% and 1.75%, respectively.”

“The changes to our forecasts for 10-year government bond yields also affect our views of certain exchange rates. We have revised our end-2022 forecasts for EUR/USD and USD/JPY to 1.25 (from 1.30) and 100 (from 95), respectively.”


© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik