TS Lombard Economist Forecasts 10-Year Treasury Yields Hit 8%

Steven Blitz, chief US economist at TS Lombard, warns that 10-year Treasury yields are headed for a long-run target of 8% over the next few years. This projection follows a Wednesday surge where the 10-year yield reached 5.30%, marking the highest level since 2002.

In a research note titled "Original Sin Redux", Blitz argues that the rise in yields will exceed the 6% target anticipated by some Wall Street analysts. He identifies 5.75% as the immediate next plateau before the eventual climb toward the 8% mark.