May
16
JPMorgan Joins Chorus of Banks Cutting Treasury Yield Forecasts
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Benchmark 10-year note projection reduced to 1.9% from 2.15%
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Analysts cite slowing growth expectations, global easing
Another day, and another one of Wall Street’s biggest banks cuts its Treasury yield forecasts.
JPMorgan Chase & Co. analysts led by Alex Roever joined a growing chorus of banks to pare year-end projections for the 10-year note yield, trimming their estimate to 1.9 percent from 2.15 percent. That’s because investors expect a slower pace of U.S. economic growth than they did last year, Treasury yields are more sensitive to global monetary easing and investors don’t want to take much risk by betting on Federal Reserve tightening, the analysts said…
JPMorgan Joins Chorus of Banks Cutting Treasury Yield Forecasts
