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Low Treasury yield stymies forecasters

Analysts’ March prediction that the 10-year Treasury yield would near 3% by this point does not match a forecast that puts the yield at 2.48% by year-end. “We’re in a disinflationary environment that will be with us for several years,” said Dimitri Delis, senior econometric strategist at Piper Jaffray, who has predicted a 2.1% year-end yield since March.