Global Analysis from the European Perspective. Preparing for the world of tomorrow

10-year Treasury yield climbs above 1.7% for 14-month high, 30-year rate briefly tops 2.5%

  • The Fed expects core inflation to hit 2.2% this year, but has a long-run expectation of it sticking around 2%.
  • The U.S. central bank also indicated that it didn’t plan to hike interest rates through 2023 and that it would continue its program of buying at least $120 billion of bonds a month.
  • Guy LeBas, chief fixed income strategist at Janney Montgomery Scott, described the move in yields as a “belated overreaction” to the Fed’s projections and Jerome Powell’s statements on Wednesday.  Source CNBC

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