Treasury 10-year yields may climb to 6% for the first time in more than two decades as US fiscal woes worsen and Donald Trump\u2019s policies help keep inflation elevated, according to T. Rowe Price.<\/p>\n\n\n\n
The benchmark yield may first reach 5% in the first quarter of 2025 before potentially climbing further, Arif Husain, chief investment officer of fixed-income, wrote in a report. Husain is doubling down on calls<\/a> for higher yields, citing persistent US budget deficits as Trump cuts taxes during his second presidency, as well as potential tariffs and immigration policies that would sustain price pressures.<\/p>\n\n\n\n \u201cIs a 6% 10\u2011year Treasury yield possible? Why not? But we can consider that when we move through 5%,\u201d wrote Husain, who helps the money manager oversee $187 billion. \u201cThe transition period in US politics is an opportunity to position for increasing longer\u2011term Treasury yields and a steeper yield curve.\u201d<\/p>\n\n\n\n Read it all<\/a> (registration or subscription).<\/p> 10-Year Treasury Yield may soar to 6%, warns T. Rowe Price. The last time this happened? 2000.
Probably Fine pic.twitter.com\/NF2XJj27uS<\/a><\/p>— Barchart (@Barchart) December 17, 2024<\/a><\/blockquote>