Higher bond yields? At least five years away, strategists say

A return to significantly higher yields will take longer than previously thought, according to a Reuters poll of fixed-income strategists who slashed their year-ahead major government bond yield forecasts to the lowest since polling began 17 years ago.
With no resolution in sight to the U.S.-China trade war, the current modest global economic expansion cycle has taken a hit, prompting major central banks to shift to policy easing this year from a tightening view at the turn of last year.
That has not only pushed benchmark sovereign bonds yields to new lows this year, but has also resulted in over $17 trillion – a record amount – of debt securities pushed into the negative yields territory.
And according to the Sept. 19-27 poll of over 100 strategists, that trend of subdued yields is here to stay.