Bank of America Merrill Lynch has raised its forecast on 10-year U.S. Treasury yields following positive jobs data on Friday.
Bank of America Merrill Lynch has raised its forecast on 10-year U.S. Treasury yields following positive jobs data on Friday.
The firm expects yields to rise to 3% by the end of the year, up from its June forecast of 2.4%.
On Friday, the 10-year note rose 22 basis points to 2.73%. It was the biggest one-day increase in nearly two years.
And Goldman Sachs now expects yields to hit 4% by 2016.
Last July, the yield on 10-year Treasuries reached a record low, falling below 1.4%.
Read more:
Employers can ensure employees remain safe during holiday celebrations through a combination of communication and robust human resources policies. “I think most companies are at...
The Canada Pension Plan Investment Board has confirmed the departure of Frank Su as managing director and head of Asian private equity, effective immediately. In...
While a third (34 per cent) of Canadians aged 18 to 34 say an inheritance from their parents is crucial to meeting their retirement goals,...
Evolving expectations, a shifting interest rate environment and the need to manage increasingly large asset bases for performance and for national and societal impact are...
Employment Hero, an Australia-based human resources and employee benefits consultant, is acquiring Toronto-based HR consultant Humi. The acquisition, valued at more than $100 million, is...
While it doesn’t contain an exact figure, the federal government’s official rebuttal to a 2023 report — which argued Alberta is entitled to more than...
Amazon.com is facing a lawsuit that claims the company violated U.S. federal law by using nearly US$350 million in forfeited 401(k) funds to offset the company’s...
Canadian employees who took vacation in 2024 worked, on average, an additional 13.6 hours on top of their regular work hours to prepare for and...