![24_2021-03-08_blog_fed-not-playing-backstop-for-treasury-yields_teaser](/sites/default/files/styles/teaser_image_max715/public/2021-06/24_2021-03-08_blog_fed-not-playing-backstop-for-treasury-yields_teaser.jpg.webp?itok=lIkpnTjh)
Fed Not Playing Backstop for Treasury Yields
Our year-end forecast of 1.50% for the 10-year is already looking very out of date, and it would be a brave person right now to suggest that 2% won’t be touched any time this year as the recovery gets into full flow with the Fed holding its tongue.