Biggest Investors Say Beware the Bond Market as Fed Raises Rates
- JPMorgan expects returns in low- to mid-single digits
- Goldman Sachs sees U.S. 10-year yield rising to 3% by end-2016
Assessing the Health of the U.S. Bond Market
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Bond returns will probably be ho-hum next year -- just as they have been in 2015 -- according to the biggest investors.
JPMorgan Chase & Co., Fidelity Investments, Pacific Investment Management Co. and Goldman Sachs Group Inc. are all cautioning not to be too optimistic. Goldman Sachs predicts benchmark U.S. 10-year yields will climb to 3 percent by the end of 2016 from 2.27 percent Thursday.