5-Year Treasury Will Hit 4.80% Before 2027

The 5-year Treasury yield will hit 4.80% before 2027, vaulting above the September 8 reading of 4.57% and forcing bond desks to reprice duration. Fed Chair Kevin Warsh’s hawkish signals at Jackson Hole and PCE near 3.7% will push traders toward higher real yields, while sticky inflation around 3.3%…