By: Lawrence Gillum, CFA, Fixed Income Strategist, LPL Financial & Ryan Detrick, CMT, Chief Market Strategist, LPL Financial

We expect interest rates to move modestly higher in 2022 based on near-term inflation expectations above historical trends and improving growth expectations once the impact of
COVID-19 variants recede. Our year-end 2022 forecast for the 10-year Treasury yield is 1.75–2.00%. An aging global demographic that needs income, higher global debt levels, and an ongoing bull market in equities may keep interest rates from going much higher.

Read the full commentary here: Weekly_Market_Commentary_12.27.2021