EFTA Document EFTA01459672

6 Global Fixed Income Combing the Field for Yield False Steps 450 4.00 3.50 3.00 2.50 2.00 1.50 2008 2010 e %' ti t /4. ee zee 2012 2014 2016 10Y U.S. Treasury Fed Quarterly Survey of Professional Forecasters When looking at the Fed Quarterly Survey of Professional Forecasters, forecasts for Treasury yields have consistently overshot actual moves in Treasury yields since 2008. The ECB's public sector purchase program (PSPP) will likely have a total volume of €1490 bn i