Will 10 year US treasuries achieve a 3% yield on any days' close during the first half of 2017?
The bear bond camp believes that 2016 saw the bottoming of global bond yields, ending the decades-long global bond bull market, citing fiscal reflation and greater borrowing. The bull bond camp points to the historic fact that since 1910 the US economy is either in a recession or enters a new one within twelve months every time a two-term presidency ends, resulting in a lesser likelihood of higher bond yields.