(Bloomberg) -- When it comes to predicting where U.S. borrowing costs are headed, the bond market isnt taking Wall Streets advice seriously.
After giving up on calls last month that Treasury yields will rise in 2014, forecasters are sticking to estimates those on the 10-year note will climb next year and reach 3.6% as the Federal Reserve increases interest rates. Yet based on the performance of long-term Treasuries, implied yields suggest investors dont foresee yields that high for a decade or more.
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