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US 10-year yields to hit 2% by mid-year – Wells Fargo

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……

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