According to Wall Street Journal’s January Survey, 10-year bond yield is expected to rise steadily through 2017 to reach 4.00% level.

Forecast to many is a guessing game, and the accuracy is highly questionable, nonetheless, the survey reflects the general belief of the macro interest rate environment going forward.  The ultra low rates seem to be a past history (ended with the Federal Reserve’s conclusion on QE3) and the returning to normal level is the trend going forward.  Most economists consider a normal interest rate level to be at or somewhat above inflation, which is currently at around 2%.