The David Lin Report · Monday, June 29, 2026
Michael Howell predicts that the 10-year US Treasury yield could reach around 6%, driven by robust normal US GDP growth estimated at 6-7%. He notes that while the Treasury and Fed may try to suppress yields, market forces will ultimately dictate higher rates due to strong economic fundamentals and persistent inflation.
“What that's saying is those two lines pretty much match. So, if you think the economy is strong, we do.”
“We think normal GDP growth is likely set for a clip of between 6-7% going forward.”
“But that is going to mean that you're looking at something like a target of about 6% on the long on the long bond or the 10-year on the 10-year bond.”