HSBC HIKES TREASURY YIELD FORECASTS HSBC raised its U.S. Treasury yield forecasts as the Fed outlook turns more hawkish. The bank still exp…
HSBC HIKES TREASURY YIELD FORECASTS
HSBC raised its U.S. Treasury yield forecasts as the Fed outlook turns more hawkish.
The bank still expects rates to remain unchanged, but now sees a near‑even chance of a 25bp September hike.
HSBC forecasts 2‑year yields at 4.20% and 10‑year yields at 4.65% by end‑2026.
Persistent fiscal deficits are expected to drive a steeper yield curve longer term.