JPMorgan: Raises Year-End U.S. Treasury Yield Forecast

Jin10 data reported on May 15, JPMorgan’s strategists led by Jay Barry raised their forecast for the yield on the U.S. 10-year Treasury bond at the end of 2025 to 4.35%, up from the previous expectation of 4%. They also raised the forecast for the yield on the two-year U.S. Treasury bond at the end of the year to 3.5%, up from the previous expectation of 3%. The tariff friction sparked by U.S. President Trump has shown signs of easing, which is Favourable Information for the growth rate of the U.S. economy, and the Federal Reserve may delay interest rate cuts. Previously, JPMorgan’s economists had pushed back their expectations for the Federal Reserve’s interest rate cuts from September to December.