HSBC's Bond Bull Major Moves Closer to Peers by a `Tweak'
- Treasury bull market on track despite higher yield forecast
- Major sees 10-year rate falling 25 basis points by year-end
BMO's Belski Says Market Not Prepared for Better Things
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The Treasury market’s biggest contrarian is edging closer to consensus.
Steven Major, the HSBC Holdings Plc head of fixed-income research who has consistently kept his year-end outlook for U.S. Treasury bond yields far below peers, raised his forecast to 1.9 percent from 1.6 percent in a note published Wednesday. The outlook is still the lowest among 59 analysts surveyed by Bloomberg and represents a 26 basis-point drop from current levels.