J.P. Morgan strategists raised the two-year US Treasury yield forecast by 40 basis points to 4.7% and the 10-year yield forecast by 20 basis points to 5.05%. “We think US bond yields will rise throughout the year. I think the current environment is similar to the period from the end of 1999 to 2000. At that time, the Federal Reserve raised interest rates by 100 basis points in the context of strong economic growth and inflation,” Jay Barry and other bank strategists wrote in a report.

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