HSBC expects the 10-year Treasury yield to reach 4.65% by year-end, while iCapital forecasts 5.3% and Deutsche Bank still sees a possible 6% move. According to NS3.AI, the yield fell to 4.951% on Monday from last week's 19-year high of 5.041%. HSBC also raised its Treasury forecasts but still expects the Federal Reserve to hold rates through 2027 in its base case.
