Forecasts for the US and Canadian Yield Curves: Results from a Survey-Adjusted BVAR Approach

"Our forecast points to relatively flat yield curves for US and Canadian sovereign bonds. Our median forecasts for the US and Canadian 1-year bond yields are 4.25% and 4.67% respectively, and for the 10-year bond yields, 4.875% and 4.425% respectively. Our forecasts for maturities of less than one year are equal to our 1-year yield forecasts. For maturities between one and 10 years, we forecast a mostly linear structure."