The asset manager said the 10-year Treasury yield will probably hit 5%.
AdvertisementAdvertisementThe US Treasury market is still in for big swings of volatility, which could push the yield on the 10-year Treasury bond to 5%, according to BlackRock.
"We have been underweight long-term US Treasuries since late 2020 as we saw the new macro regime heralding higher rates.
Over the short-term though, Treasury yields are likely to experience more volatility, potentially swinging in both directions.
But the economy is still under pressure from higher Treasury yields, which also work to tighten the screws on financial conditions.
Persons:
—, Phillip Colmar
Organizations:
US Treasury, BlackRock, Service, Treasury, MRB Partners, Fed
Locations:
BlackRock