Outlook June 18, 2021 / 08:50 am UTC
DM Rates Outlook: U.S. Leads and Others Slower
We maintain our forecast of 10yr U.S. Treasuries rising to 2.05% by end-2021 and 2.50% by end-2022. We have increased our forecast for 10yr Bunds to 0.05% at end-2021 and 0.4% at end-2022, which reflects EZ vaccine success for the recovery and a path toward PEPP tapering.