What The Plunge In U.S. Treasury Yields Means For The Next 10 Years
- The current yield curve can be used to imply forward U.S. T-bill rates. We do this after the drop of 0.11% to 0.20% in Treasuries from 2 to 30 years.
- Forward 1-Month T-bill rates are now projected to peak at 3.11% in February 2022, 0.17% lower and 8 months later than last week's implied forwards.
- The implied U.S. Treasury yield in 2024 is 3.32%, down 0.13% from last week.