📰 FED SEEN AS UNLIKELY TO HIKE Strong U.S. macro data and a hawkish Fed makes investors wonder how much higher Treasury yields could go, Bank of America economists write. The bank’s forecast for the 10-year yield this year is 4.75%, higher than the current level of 4.67%. The BofA economists say the benchmark yield could rise above 5%, depending on Fed’s reaction to inflation data, but it is unlikely to cross 5.25%. If the CPI goes against Fed expectations and rises, a hike could happen. “It is possible but is a high bar,” they write. They say 10-year rates around 5% “would be an attractive buy assuming CPI remains sticky or a little lower.”