Last week saw bond yields push higher. The 10-year U.S. Treasury ended the week at 2.96%, a new high yield for the year. I expect yields to continue to push higher for the next few months. My target for the 10-year Treasury is 3.25% by June 30.
The week ahead will be headlined by several geopolitical events, most notably the meeting of South and North Korean leaders and French President Macron’s visit to the U.S.
The equity market will be watching closely, as this is a very active week for earnings announcements. I expect earnings will continue to be in line with expectations.
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