TD Economics Key Financial Forecasts
  Current Rate 2019 2020 2021
  8/7/20 Q1 Q2 Q3 Q4 Q1 Q2F Q3F Q4F Q1F Q2F Q3F Q4F
Fed Funds Target Rate 0.25 2.50 2.50 2.00 1.75 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
2-yr Govt. Bond Yield 0.13 2.27 1.75 1.63 1.58 0.23 0.20 0.20 0.20 0.20 0.25 0.30 0.35
10-yr Govt. Bond Yield 0.56 2.41 2.00 1.68 1.92 0.70 0.65 0.70 0.80 0.95 1.10 1.25 1.40
30-yr Govt. Bond Yield 1.22 2.81 2.52 2.12 2.39 1.35 1.40 1.45 1.60 1.75 1.90 2.05 2.15
Forecast by TD Economics as of June 2020; all forecasts are end-of-period. Source: Bloomberg, Federal Reserve Board, TD Economics.