Yields will be driven by a pullback on central bank stimulus

A Reuters poll on bonds

Bond yields rising are the main theme in a Reuters poll. For US 10's, pollsters have upped their forecasts

  • 2.65% 3m, 2.90% 12m vs 2.40% & 2.60% in Dec poll

  • 19/27 say CB's pulling back on stimulus will be the main driver over the next 3 months

All that was supposed to happen over the Fed tightening yet here we are still struggling to get above 2.50%, and with inflation blowing in like a gale.

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