Citigroup, Goldman Sachs, JPMorgan Chase, and TD Securities raise year-end US bond yield forecasts

Citigroup, Goldman Sachs, JPMorgan Chase and Dominion Securities expect the Federal Reserve to raise interest rates on September 16, and raise the year-end treasury bond yield forecast. Goldman Sachs has raised its year-end forecast for the 10-year US Treasury yield from 4.40% to 4.75%, while TD Securities has raised it from 4.25% to 4.75%. Montreal Bank has adjusted its year-end yield expectation for 10-year US Treasury bonds to 4.6%. (Source: Federal Reserve)