FXStreet reports that economists at Charles Schwab discuss the prospects for US Treasury yields.

“The global recovery should pick up in the second half of the year as more widespread vaccinations allow economies to open. Bond yields in other major developed countries will likely move higher as economic momentum picks up. In the second half of the year, improving growth should lead to rising global yields, potentially pulling US yields higher as well.”

“Fiscal and monetary policies are supportive for growth and inflation. The American Rescue Plan should continue to influence consumer spending and aid small businesses and state and local governments. With the pick-up in activity, yields are likely to keep rising.”