From CNBC:

Wall Street forecaster Jim Bianco predicts the 10-year Treasury note yield to hit 5.5%, its highest level since 2001. Bianco’s forecast is based on a strong economy and stable demand, with inflation bottoming around 3%. He believes the rate will reach 5.5% as early as summer, despite potential Fed interest rate cuts.

Last fall, Jim Bianco correctly predicted a yield spike above 5%, and now he anticipates the 10-year Treasury yield to reach 5.5%. Market forecaster Jim Bianco’s latest forecast factors in the possibility of the Fed cutting interest rates three times this year, suggesting that the Fed may not be as aggressive as originally expected. As of Wednesday’s market close, the 10-year yield was at 3.9%.



Read more: Bond yields surging to highest level in decades: Jim Bianco