10-Year Yield Will Hit 5.32 Percent in October

The 10-year Treasury yield will reach 5.32% on at least one trading day in October, extending the bond selloff that put the yield at 5.320% and briefly 5.342% on October 1. The move will force the Federal Reserve's policy outlook higher after its September 25 basis point increase to a 3.75-4.00% ta…