Sumary of US 10-year yields to hit 2% by mid-year – Wells Fargo:
- In a note post-Fed, the firm’s strategists said that the central bank was no doubt more dovish at yesterday’s FOMC meeting but still 10-year Treasury yields could hit 1.75% “in a matter of weeks”..
- The combination of a tolerant Fed and massive Treasury supply will continue to push yields higher, in our view.”..
- “USD has come under significant pressure in the wake of the FOMC announcement, likely thanks to the big drop in the belly of the Treasury curve……