The yield on the benchmark US 10-year Treasury note soared again to a fresh 1-year high of 1.45% on Thursday, as investors bet on a strong economic recovery boosted by further fiscal stimulus, low interest rates and the rollout of Covid-19 vaccines. Treasuries have been rallying since the end of January when the Democrats won control of the US Senate, amid inflationary concerns arising from strong economic activity and further fiscal support. Dovish comments from Fed Chair Powell only temporarily eased the bond sell-off. During his semimanual testimony to Congress, Powell reinforced the US economy needs support and the Fed is committed to current policy stance as the economic recovery remains uneven while inflation is seen rising above 2% for some time. Powell also said that the Fed had no plans to tighten economic policy by buying fewer assets or raising interest rates. source: U.S. Department of the Treasury
Historically, the United States Government Bond 10Y reached an all time high of 15.82 in September of 1981. United States Government Bond 10Y - data, forecasts, historical chart - was last updated on February of 2021.
The United States Government Bond 10Y is expected to trade at 1.46 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.59 in 12 months time.