Deutsche Bank raises US Treasury yield forecasts

Golden Ten Data reported on June 30 that Deutsche Bank's interest rate strategists have revised their year-end forecasts for US 2-year and 10-year Treasury yields. Their latest forecast shows that the 2-year US Treasury yield will reach 4.30% by year-end, 35 basis points higher than the previous estimate. They have also raised their forecast for the 10-year US Treasury yield to 4.80%, an increase of 10 basis points from the prior projection. This revision reflects the latest outlook from Deutsche Bank economists, who now expect the Federal Reserve to raise interest rates twice this year, by 25 basis points each time.