In the next 12-18 months, the yield on the 10-year U.S. Treasury bond may reach 6%.

ChainCatcher news, T. Rowe Price Chief Information Officer Arif Husain said in a report that the likelihood of passing a large-scale financial plan before the U.S. Congress’s summer recess is increasing. As the Trump administration has yet to fully address its tax cut agenda, fiscal expansion is expected to become the next overriding focus of the market. Fiscal expansion may support economic growth, but more importantly, it could put greater pressure on the U.S. Treasury market. Rising inflation and further global fiscal expansion are unfavorable for U.S. Treasuries, and it is expected that the 10-year Treasury yield will reach 6% within the next 12 to 18 months.