Deutsche Bank raises year-end forecasts for 2-year and 10-year U.S. Treasury yields

Odaily reports that Deutsche Bank interest rate strategists have revised their year-end forecasts for 2-year and 10-year U.S. Treasury yields, predicting the 2-year yield to reach 4.30% by year-end, up 35 basis points from their previous forecast; and the 10-year yield to reach 4.80%, up 10 basis points. This revision reflects Deutsche Bank economists' latest outlook that the Federal Reserve will raise interest rates twice this year, each time by 25 basis points.