BofA raises year-end forecast for 10-year Treasury yield to 5%
- —BofA raised its 10-year Treasury yield forecast to 5.0% from 4.5%
- —The 2-year yield forecast was lifted to 5.0%
- —The 10-year yield hit 5.14% on Sept 23, the highest since 2007
- —BofA also raised its H2 Brent forecast to $95 a barrel
Why it matters: Rising Treasury yields lift the discount rate for risk assets, pressuring bitcoin and the broader crypto market.
Source: Bloomingbit