Outdone by DB now, who have raised their forecast to 2.25% from 1.25% previously! And the 30-year yield to be 3%.
- vigorous growth and risks of upward pressure on inflation
- steady bearish steepening of the yield curve through year end as the economy reopens, Congress turns to a potential infrastructure package before fiscal 2022 begins in September, and the Fed forewarns the market of plans to taper QE asset purchases
DB expect the Federal Reserve prime markets for a 2022 taper beginning in the third quarter of 2021