B · Normal
[KKR raises its forecast for U.S. Treasury bond yields, believing the Fed will keep interest rates high for longer] On September 18, KKR & Co. raised its forecast for long-term U.S. Treasury bond yields and said it expected the Federal Reserve to maintain its benchmark interest rate at a higher level than previously expected, citing Fed Chairman Kevin Warsh's concerns about continued inflation. According to a report sent to clients, the U.S. private equity firm expects the 10-year U.S. Treasury yield to end the year at 5.1%, higher than the previous forecast of 5.0%, and to reach 4.9% by the end of 2027, higher than the previous forecast of 4.7%.
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