According to ChainCatcher and Jinshi data, Deutsche Bank's interest rate strategists have revised their year-end 2026 forecasts for U.S. 2-year and 10-year Treasury yields. The new projection sees the 2-year yield reaching 4.3% by year-end, 35 basis points higher than the previous forecast, while the 10-year yield forecast has been raised to 4.8%, 10 basis points above the prior estimate.
The upward revision reflects Deutsche Bank economists' latest outlook on Federal Reserve monetary policy: they now expect the Fed to implement two 25-basis-point rate hikes this year. This hawkish expectation has driven a repricing of the yield curve, with short-term yields seeing a more pronounced increase.
As key benchmarks in traditional fixed-income markets, U.S. Treasury yield movements directly influence global capital costs and risk asset pricing. Crypto market participants should monitor these spillover effects as higher yields may tighten liquidity conditions for digital assets.