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J.P.Morgan Nudge Higher '21 10-Year Yield And Breakeven Calls

US TSYS

J.P.Morgan note that "given expectations of another round of fiscal stimulus and better growth outturns in 2021, we adjust our mid-year and YE21 forecasts for 10-year yields by 15bp each, to 1.25% and 1.45%, respectively. We also revise up our TIPS breakeven targets and look for 10-year breakevens to reach 225bp by year-end."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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