JPMorgan joins Goldman Sachs in calling 2% Treasury yield
This is fuelled by improving outlook for inflation and economic growth
Singapore
JPMORGAN Chase & Co says the benchmark Treasury yield can climb as high as 2 per cent this year, joining Goldman Sachs Group Inc in predicting a level unseen since March.
The US sovereign 10-year yield completed its biggest three-day gain in almost a month on Tuesday, amid rising bets for higher interest rates by year-end.
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