Surveillance: BOJ Surprise with Lyngen
Bloomberg Surveillance
00:00
What's Your Outlier on 10 Year Yields?
We still think 10 year yields in 2023 at 3% I think that's a relatively benign forecast given where we are in the overall interest rate cycle. The biggest surprise for 2023 is going to be the fact that both 2 and 10 year yields can trade well below effective fed funds. We're looking for a more pedestrian benign version of soft landing but if we got that wrong then you could see two handle on 10 year yields relatively easily.
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