By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
24x7Report24x7Report
  • Home
  • World News
  • Finance
  • Sports
  • Beauty
  • Fashion
  • Fitness
  • Gadgets
  • Travel
Search
© 2023 News.24x7report.com - All Rights Reserved.
Reading: 10-year Treasury yield will fall to 3% next year
Share
Notification Show More
Aa
24x7Report24x7Report
Aa
Search
  • Home
  • World News
  • Finance
  • Sports
  • Beauty
  • Fashion
  • Fitness
  • Gadgets
  • Travel
  • en English
    • en English
    • id Indonesian
    • ms Malay
    • es Spanish
Follow US
© 2023 News.24x7report.com - All Rights Reserved.
24x7Report > Blog > Finance > 10-year Treasury yield will fall to 3% next year
Finance

10-year Treasury yield will fall to 3% next year

Last updated: 2023/12/16 at 9:21 AM
Share
2 Min Read
10-year Treasury yield will fall to 3% next year
SHARE

Jeffrey Gundlach talking on the 2019 SOHN Convention in New York on Could 6, 2019.

Adam Jeffery | CNBC

DoubleLine Capital CEO Jeffrey Gundlach mentioned Wednesday the 10-year Treasury yield will proceed to fall to the three% vary subsequent yr, following the Federal Reserve’s new forecast for fee cuts.

“I believe we’re nonetheless going to have bonds rallying,” Gundlach mentioned on CNBC’s “Closing Bell.” “I’d guess that we’ll see the 10-year Treasury yield within the low threes someday subsequent yr.”

The benchmark fee hit a low of 4.015%, the bottom degree since August, after the Fed held charges regular for a 3rd consecutive assembly and set the stage for 3 rate of interest reductions in 2024.

The yield, a benchmark for mortgage charges and different shopper loans, had topped the important thing 5% degree in October for the primary time since 2007. Yields and costs transfer in reverse instructions to at least one one other.

“There’s one thing about in case you break under 4 on the 10-year that I believe it virtually feels like a fireplace alarm going off relative to the financial system,” Gundlach mentioned.

Projections launched by the Fed confirmed the central financial institution would slash charges to a median 4.6% by the tip of 2024, which might equate to 3 quarter-point reductions from the present focused vary between 5.25% and 5.5%. 

Gundlach believes it is unlikely that the central financial institution would scale back borrowing value by that a lot subsequent yr.

“They’re simply going to chop by three quarters of a share level or so says the Fed. I imply, I believe that is fairly unlikely,” Gundlach mentioned. “I believe that in the event that they lower charges that a lot, they’re going to have to chop them greater than that.”

See also  Self-Portrait Fall 2024 Ready-to-Wear Collection

Do not miss these tales from CNBC PRO:

You Might Also Like

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

How China’s Companies Are Responding to the US Trade War

The US Flip-flop Over H20 Chip Restrictions 

TAGGED: 10year, Fall, Treasury, year, yield

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article 3.1 Phillip Lim Pre-Fall 2024 Collection
Next Article 'Diversity, Equity And Inclusion' Are "Propaganda Words": Elon Musk ‘Diversity, Equity And Inclusion’ Are “Propaganda Words”: Elon Musk

Stay Connected

1.30M Followers Like
311 Followers Pin
766 Followers Follow

Latest News

4 Tips for Preventing Hair Loss
Beauty May 29, 2025
From Acne Scars to Self-Love: How Microneedling Rewrote My Skin Journey
Beauty May 28, 2025
Everything You Need to Know About Root Canal Treatment
Beauty May 27, 2025
RF Microneedling Austin: Top Choice for Skin Tightening
Beauty May 24, 2025
How Can IPL Photofacial Treatments Address Sun Damage: A Comprehensive Guide
Beauty May 23, 2025
//

This is your World, Finance, Fitness, Fashion  Sports  website. We provide the latest breaking news straight from the News industry.

Quick Link

  • Contact
  • Privacy Policy
  • Terms & Conditions

Top Categories

  • Fashion
  • Finance
  • Fitness
  • Gadgets
  • Travel

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
24x7Report24x7Report
Follow US

© 2023 24x7Report.com - All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?