BofA not as convinced of the rise in bold yields as they were before
Their latest view is likely based off the Fed tapering by year-end and higher inflation expectations should keep some outlook about tightening/raising rates intact as we move towards 2022.
That said, 1.55% is nothing significant when you take into account the big picture of 10-year Treasury yields. The Fed may taper and lay the groundwork to hike rates but it isn't likely to alter the overall trajectory in yields:
