Gregory Faranello, head of US interest rate strategy at AmeriVet Securities, said: “The economy is doing well. With inflation and growth running at this rate, it is impossible to expect the 10-year yield to drop drastically.”

Gregory Faranello, head of US interest rate strategy at AmeriVet Securities, said: “The economy is doing well. With inflation and growth running at this rate, it is impossible to expect the 10-year yield to drop drastically.”