KKR & Co. raised its forecast for long-term US Treasury yields and stated that it is expected that the Federal Reserve will keep the benchmark interest rate higher than previously anticipated, on the grounds that Federal Reserve Chairman Kevin Walsh is concerned about continued inflation. According to a report sent to clients, the US private equity firm expects the 10-year US Treasury yield to be 5.1% by the end of this year, higher than the 5.0% forecast; it will reach 4.9% by the end of 2027, higher than the 4.7% forecast previously. KKR expects that the Federal Reserve will raise interest rates again in December and then March, after which interest rates will remain unchanged until the beginning of 2029, while the previous forecast was until 2028. The team, headed by Henry H. McVey, the company's head of global macro and asset allocation, wrote: “We still believe that in an environment where nominal growth is high, fiscal deficits are huge, and competition for capital continues, investors on the long end of the yield curve will demand reasonable term premiums.”

KKR & Co. raised its forecast for long-term US Treasury yields and stated that it is expected that the Federal Reserve will maintain the benchmark interest rate at a higher level than previously anticipated. The reason is that Federal Reserve Chairman Kevin Walsh is concerned about continued inflation. According to a report sent to clients, the US private equity firm expects the 10-year US Treasury yield to be 5.1% by the end of this year, higher than the 5.0% forecast; by the end of 2027, it will reach 4.9%, higher than the 4.7% forecast previously. KKR expects that the Federal Reserve will raise interest rates again in December and then March, after which interest rates will remain unchanged until the beginning of 2029, while the previous forecast was until 2028. The team, headed by Henry H. McVey, the company's head of global macro and asset allocation, wrote: “We still believe that in an environment where nominal growth is high, fiscal deficits are huge, and competition for capital continues, investors on the long end of the yield curve will demand reasonable term premiums.”