Europe's growth prospects are still intact and the ECB are being very firm about their hawkish stance. We will see yields rising gradually. |
Since breaking 3.5 percent on the 10-year yield, we should have room to go much higher. |
The European economy points toward solid growth. We are looking for yields above 3.5 percent within a month. |
The Fed minutes are very important, and the market is very sensitive to data today. Most likely, we will linger around the 5 percent level, in yield terms. |
The Fed will hike at least once more, and there won't be a significant slowdown in the second half of the year. Yields could go some basis points higher from current levels. |
The general assessment for the U.S. economy in 2006 is continued robust growth, at least at the same pace as in 2005. Ten-year yields are too low. |
We are looking for another strong year for the U.S. economy. I would not put my money in the long end. |
We believe the fundamentals are increasingly pointing toward bright economic developments in Europe. Current yields for European 10-year bonds are too low and should rise. |