TD Securities see further rises for US 10 year treasuries yield citing the US$1.9tln packaged and further stimulus later in this year:

• 1.3% in the near term
• 1.45% by year-end

On the twin mandates:

• see the unemployment rate lower
• but do not expect inflation to rise very quickly

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Higher US rates, if TD gets this right, will be a supportive factor for the USD

We get a break from the Federal Reserve talking heads on Monday (for the holiday known widely as Presidents Day) but they are back with a vengeance from Tuesday.