KKR raises 10-year Treasury yield forecast to 5.1%, citing higher-for-longer Fed rates

KKR raised its outlook for longer-dated U.S. Treasury yields, projecting the 10-year yield will end the year at 5.1% (from 5%) and 4.9% at end-2027 (from 4.7%), according to Bloomberg. The firm cited Fed Chairman Kevin Warsh's concerns about inflation that has yet to fully ease and expects the Fed to keep rates elevated for longer.

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