Forecasters warn of disastrous year ahead for US government bonds
With Fed Reserve poised to raise interest rates in 2015, Treasury yields have nowhere to go but up, say analysts
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Washington
GET ready for a disastrous year for US government bonds. That is the message that forecasters on Wall Street are sending.
With Federal Reserve chair Janet Yellen poised to raise interest rates in 2015 for the first time in almost a decade, prognosticators are convinced that Treasury yields have nowhere to go except up. Their calls for higher yields next year are the most aggressive since 2009, when US debt securities suffered record losses, according to data compiled by Bloomberg.
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