TD Economics Key Financial Forecasts
	Current Rate	2021				2022				2023
	12/3/21	Q1	Q2	Q3	Q4F	Q1F	Q2F	Q3F	Q4F	Q1F	Q2F	Q3F	Q4F
Fed Funds Target Rate	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.50	0.75	1.00	1.25	1.50	1.75
2-yr Govt. Bond Yield	0.63	0.16	0.25	0.28	0.60	1.00	1.20	1.40	1.55	1.70	1.80	1.90	1.95
10-yr Govt. Bond Yield	1.42	1.74	1.45	1.52	1.90	2.05	2.15	2.25	2.30	2.35	2.35	2.30	2.25
30-yr Govt. Bond Yield	1.75	2.41	2.06	2.08	2.20	2.35	2.45	2.55	2.60	2.65	2.65	2.60	2.55
Forecast by TD Economics as of November 2021; all forecasts are end-of-period. Source: Bloomberg, Federal Reserve Board, TD Economics.