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.