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

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