6. Prospects for global capital markets in 2018 A few words now on prospects for global capital markets in 2018 based on our own predictions at the Bank of Greece.
Bond markets Starting with the bond markets, the four-decades-long bull market seems to be coming to a close, and we expect interest rates to continue rising at the short and, to a lesser extent, at long ends, resulting in a flattening yield curve (this is especially true for the US). Hence, 10-year Treasury note yields may gradually rise to 2.7% by end-2018 [today 2.3%].