With the economy growing and Fed Chair Janet Yellen poised to raise interest rates, calls for higher yields are the most aggressive since 2009, when U.S. debt securities suffered record losses, according to data compiled by Bloomberg.
Next year should be the break-out year finally,” a financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd., said. “The market is ignoring the rhetoric that Yellen and the FOMC is getting closer and closer to tightening. The market has it wrong.”
