Economists: Treasury market rally ending

SINGAPORE: The biggest Treasury market two-month gain in a year is about to give way to a selloff, based on Bloomberg surveys of economists.

Benchmark 10-year yields will climb to 1.84% by March 31 from 1.73% yesterday, the Bloomberg surveys show, with the most recent forecasts given the heaviest weightings. The move would result in a loss of about 1%, according to data compiled by Bloomberg.

Stocks and oil prices are showing signs of stabilising after a rout earlier this year drove investors to the relative safety of US debt. – Bloomberg