Treasury 10-year yields may climb to 5% or higher as the US government boosts its debt supply to fund a multi-trillion dollar deficit, according to Franklin Templeton.
“Getting to 4.5% to 5% on the 10-year, that’s reasonable,” Sonal Desai, chief investment officer of Franklin Templeton Fixed Income, said in an interview in Tokyo. Should investors see the US deficit “blowing out enormously,” benchmark US yields could then go “above 5%,” she said.
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