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Deutsche Bank raises expectations for the 10-year U.S. Treasury yield, believing the Federal Reserve has completed interest rate cuts.

2026-05-29 18:53:48

Deutsche Bank’s rate strategists have raised their forecast for this year-end 10-year U.S. Treasury yield, citing expectations that Federal Reserve officials—led by Chairman Kevin Wosch—have already ended rate cuts. Deutsche Bank’s strategists team, including Matthew Raskin and Steven Zeng, expects the 10-year U.S. Treasury yield to rise to a 4.70% peak by December, up from about 4.45% on Friday, while 4.45% was also the bank’s prior forecast for year-end.

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