TD Economics Key Financial Forecasts
  Current Rate 2020 2021 2022
  10/16/20 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 0.25 0.25 0.25 0.25 0.25 0.25
2-yr Govt. Bond Yield 0.14 0.23 0.16 0.15 0.20 0.20 0.20 0.20 0.20 0.20 0.25 0.30 0.35
10-yr Govt. Bond Yield 0.74 0.70 0.66 0.70 0.80 0.95 1.10 1.25 1.40 1.55 1.60 1.65 1.70
30-yr Govt. Bond Yield 1.53 1.35 1.41 1.45 1.60 1.75 1.85 1.95 2.05 2.10 2.15 2.20 2.25
Forecast by TD Economics as of September 2020; all forecasts are end-of-period. Source: Bloomberg, Federal Reserve Board, TD Economics.