2020 Outlook: The Year’s Top Investment Questions

with 10-year Treasury yields staying below their peak in 2018. We see interest rates in the 2% to 2.5% range in 2020, with the low end a more likely outcome. Global Manufacturing PMI (left) U.S. 10-year Treasury Yield (right) 56 54 52 50 48 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 2011 2013 2015 2017 2019 Global Trends Influence Domestic Markets ................
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