Wells Fargo Investment Institute expects more forceful Fed response; 10-year near 5.25%
WFII says persistent near-term inflation may require a more forceful Fed response, forecasting a full point hike from current levels by spring 2027. It expects the 10-year Treasury yield at 5.25%-5.75% and 30-year at 5.50%-6.00% by end-2027; 10-year hovering around ~5.25% on a six-day daily increase run.