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Do you agree with the alternative 10-year Treasury Yield forecasts in chart 4? Yes or no? Chart 4. Alternative 10-Year Treasury Yield Forecasts Annual average

Do you agree with the alternative 10-year Treasury Yield forecasts in chart 4? Yes or no?

image text in transcribed Chart 4. Alternative 10-Year Treasury Yield Forecasts Annual average Percent 6 December BCFF consensus Congressional Budget Office Survey of Professional Forecasters Term structure model 5 4 3 2 2013 2014 2015 2016 2017 Note: The term structure model forecast assumes that the expected real rate and term premium components of the 10-year nominal yield as shown in chart 2 revert to their respective pre-crisis means over a 5-year period while the expected inflation component remains constant at the level at the end of 2012. Source: For December BOFF consensus, Blue Chip Financial Forecasts (BCFF) survey, December 2012; for Congressional Budget Office, Congressional Budget Office (2013), The Badges and Economic Outlook: Fiscal Years 20/3 to 2023 (Washington: CBO]. February 5: for Survey of Professional Forecasters, Survey of Professional Forecasters for 2013:01. Board of Governors of the Federal Reserve System

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