Economics
Bond Market and White House Disagree on U.S. Economy
The OMB paints a rosier picture for economic growth
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As President Obama starts his second term, the bond market is telling him that his administration’s forecasts for how fast the economy will grow are too optimistic. The Office of Management and Budget predicts yields on 10-year Treasury notes will rise to an average of 4.1 percent in 2015 and 4.9 percent in 2017 as the economy expands at about a 4 percent rate.