JPMorgan's Michele: Yields Going 'Heck of a Lot Higher'

The video discusses the Federal Reserve's reduced bond buying and its limited fiscal impact. It highlights the dramatic negative real yields and the potential for bond market normalization. Predictions suggest higher long-term yields, with a focus on the 10-year Treasury reaching mid-3% in the coming years. The discussion also covers the Federal Reserve's tapering schedule and its implications for bond buying volumes.

What factors does the speaker mention that could influence bond market participants?

What yield does the speaker believe the 10-year Treasury could reach in the coming years?