BNP Paribas said U.S. Treasury yields are likely to keep rising as markets price in expectations for future Federal Reserve tightening. The bank expects the Fed to begin a series of three rate hikes starting in December. It also said investors are likely to keep questioning the central bank’s credibility after policymakers left rates unchanged last week despite three dissenting votes in favor of a hike. The update was cited by BlockBeats on Aug. 3 and attributed to Jin10.
BNP Paribas expects U.S. Treasury yields to continue rising as markets absorb expectations for future Federal Reserve rate hikes, according to a BlockBeats update published on Aug. 3.
The bank forecasts that the Fed will start raising rates in December and deliver three hikes in total. BNP Paribas also said investors are likely to keep questioning the Fed’s credibility after last week’s decision to leave rates unchanged, even though three members dissented in support of a rate increase.
The report cited Jin10 as the source.
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