Market Extra: Wall Street banks are trimming Treasury yield forecasts for 2019 — again

It’s back to the target range for many Wall Street banks as they trim their bond yield forecasts for a second time this year.

Many of the year-end yield targets had already come down after the Federal Reserve pledged a more patient path on further rate moves in January. The prospect of yields to shoot higher from current levels appear muted, however, with several central banks, including the Bank of Canada and the European Central Bank singing a more dovish tune in recent weeks, said market participants.

Still, many insist U.S. economic activity should pick up later in the year.

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