10-Year Treasury Yields Could Rise Nearly 20% in Next 12 Months

10-Year Treasury Yields Could Rise Nearly 20% in Next 12 Months

The yield on the 10-year Treasury Note will be 2.5% to 2.75% a year from now if President-elect Donald Trump pushes through his proposed tax cuts and fiscal-spending policies, said Michael Kushma, chief investment officer for global fixed income at Morgan Stanley Investment Management.