Though the possibility of tariffs and immigration reform, in combination with pro-growth policies, would seem to bias interest rates higher, the 10Y yield is up fairly modestly since election results were announced. And while Mark Cabana expects the 10Y yield to trade in a higher range than it did previously, Mark and the team don't expect 10Y yields to run to 5% and beyond. Mark joins us to discuss the forces that could push rates higher and those that could weigh them down. He discusses Fed path implications for the 10Y and how the rate components have changed since the election. Mark also discusses how US policies could spill over to rate markets globally and what that means for Treasury demand.

You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.

"Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities.

©2024 Bank of America Corporation. All rights reserved.