BOFA RAISES 10-YEAR TREASURY YIELD TARGET TO 5%

Bank of America raised its year-end U.S. 10-year yield forecast to 5.0% from 4.5%, citing fiscal concerns and broader market risks.

The bank also lifted its 2-year yield forecast to 5.0%.

BofA sees risks from Iran, fiscal pressures, trade tensions and AI uncertainty, while also raising its H2 Brent oil forecast to $95 per barrel.