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Bank of America lists advantages of adopting bitcoin
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Latin America Rate Hike Pressure Grows as Chile Signals Liftoff
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Buenos Aires Times | Latin America rate hike pressure grows as Chile signals lift-off
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Treasury yields will likely climb to a 2-year high in 2021 despite recent stabilization, Bank of America says insider@insider.com (Carla Mozée) © William Thomas Cain/Getty Images The US bond market has experienced a big selloff during 2021. William Thomas Cain/Getty Images
The stunning rally in Treasury yields this year has stabilized for now but look for rates to resume their rise, says Bank of America, which foresees the 10-year Treasury marching up to a nearly two-year high of 2.5%. The 10-year yield hasn t been above 2.1% since July 2019.
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A spike in Treasury yields during 2021 has been a major focus for both bond and stock market investors. US debt has sold off massively this year in anticipation of hotter inflation rates that will likely accompany the US economy s recovery from the COVID-19 pandemic.