# Midyear Fixed Income, Currency, and Commodity Markets Outlook: Higher for Longer | LPL Financial

> LPL Research's midyear outlook expects the 10-year Treasury yield to drift higher near term before ending 2025 between 4.0% and 4.5%. It attributes the tug of war in bonds to economic data versus deficit-driven term premium.

- Date: 2025-07-21 · published 2025-07-21T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/23666-midyear-fixed-income-currency-and-commodity-markets-outlook-higher-for-longer
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast of higher-for-longer rates supports a firmer dollar and higher financing costs, a generally bearish macro backdrop for commodities, though the effect on feed prices is indirect.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-24 | [Dollar steady on higher-for-longer rates outlook; yen volatile \| Financial Post](https://feedsoft.ai/events/37556-dollar-steady-on-higher-for-longer-rates-outlook-yen-volatile-financial-post.md) | +0.0% | -1.1% |
| DXY | 2021-09-29 | [High Demand for Dollars in Currency Derivatives Markets](https://feedsoft.ai/events/45258-high-demand-for-dollars-in-currency-derivatives-markets.md) | +0.1% | -0.5% |
| DXY | 2024-06-29 | [Commodity markets to focus on US Jobs data, comments from Fed chair for clearer insights on policy outlook next week](https://feedsoft.ai/events/29640-commodity-markets-to-focus-on-us-jobs-data-comments-from-fed-chair-for-clearer.md) | -0.7% | -0.1% |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |
| DXY | 2022-04-25 | [Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook - Markets Insider](https://feedsoft.ai/events/42016-oil-price-crude-down-on-china-covid-lockdowns-and-fed-rate-outlook-markets.md) | +1.2% | +1.1% |

## Sources

- lplmycfo.com: https://www.lplmycfo.com/blog/midyear-fixed-income-currency-and-commodity-markets-outlook-higher-for-l

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.