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What Are Your Forecasts for US Bond Yields?
Praveen Kora-Pati: We're continuing to see strong economic data, sticky inflation. He says the market is becoming increasingly concerned that the Fed will have to hike more and for longer. Praveen predicts 10-year treasury yields of 4.2% at the end of this year. But again, there are some upside risks, particularly if it turns out that theFed will need to hike more than 5.25-5.5%.