[Deteriorating sentiment in the U.S. bond market
Investors prepare for 10-year yields to rise to 5%] Investors are betting that long-term U.S. Treasury yields will soar as concerns about the U.S. government's growing debt and deficits raise investors' expectations that long-term bond yields will rise by the end of the year. Some are betting heavily that the 10-year yield will reach 5%. This wave of bets on a decline in U.S. bonds echoes Wall Street's views: strategists from institutions from Goldman Sachs Group to JPMorgan Chase have raised their yield forecasts.
