In a recent interview with CNBC, top Wall Street analystJim Biancoprojected the 10-year Treasury yield to rise up to 5.5% in 2024, reaching the highest level since May 2001.
The president and macro strategist of Bianco Research, expected a more hawkish Fed approach and an unexpectedly resilient economy this year.
Decoding Fed's Minutes And Economic Outlook
Bianco's analysis of the recent Federal Reserve minutes revealed a less aggressive stance on rate cuts than many anticipated.
"The minutes came in a little bit more hawkish ... suggesting that the Fed might be a little, if I could use the word, stickier...
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