【Bank of America strategists lower U.S. Treasury yield outlook, expect the Federal Reserve to adjust risk assessment】Golden Finance reports that Bank of America interest rate strategists have lowered their expectations for U.S. Treasury yields, as the bank anticipates that recent economic data will prompt the Federal Reserve to change its risk assessment. Led by Mark Cabana, the strategist team has revised its year-end forecast for the 2-year yield from the previous 3.75% to 3.5%. They expect the 10-year yield to be 4.25% by the end of December, down from the previous estimate of 4.5%. In a report on Monday, Cabana wrote: "Recent U.S. data has significantly changed the market's pricing of interest rate prospects and altered our view on U.S. rates. The risk of diminished Federal Reserve independence may imply a higher tolerance for inflation and more support for low rates among central bankers, all of which we have taken into consideration."