There's nothing stopping the 10-year Treasury from continuing to surge, market forecaster says

Tue, 10/24/2023 - 14:33

Trader NYSE — Some experts have noted that the 2-10 Treasury yield curve typically de-inverts in the months leading up to a recession.
REUTERS/Brendan McDermid

There's nothing stopping bond yields from continuing to rise, according to forecaster Jim Bianco.
Bianco made the case that the Treasury yield curve looks on track to completely de-invert.
That's partly because the Fed has vowed to keep interest rates higher-for-longer.

There's nothing stopping the 10-year Treasury yield from continuing to surge past 5%, as the yield curve looks poised to completely de-invert, according to market forecaster Jim Bianco.