Bond traders see yields marching higher

A plurality of respondents in a Bloomberg Markets Live Pulse survey expect 10-year yields to climb over 4.5%. — Reuters

NEW YORK: Bond traders are bracing for Treasury yields to keep pushing higher after the Federal Reserve (Fed) signalled it’s likely to hold interest rates at lofty levels well into next year.

Fifty-eight percent of the 172 respondents in the Bloomberg Markets Live Pulse survey conducted after the Fed’s decision said that two-year Treasury yields have yet to peak, while a plurality expect 10-year yields to climb over 4.5%.