El-Erian's Outlook: 10-Y Treasuries Yield 2.75-5%, US Growth To Slow During Second Half of 2010 (Pimco)

I recommend you read this long CBS Money Watch interview with Pimco's Mohamed El-Erian.  He gives his outlook on Treasury yields, US growth, unemployment, inflation, sovereign debt in Europe/Brazil and attractive bond markets.  Below are quotes regarding 10-year Treasury yields and US growth going forward.
"The yield on the benchmark 10-year U.S. Treasury bond will bounce around between 2.75 percent to 5 percent until the end of 2011."

"Look for growth rates to be an annualized 4 percent to 5 percent in the first half of the year. Growth will likely slow in the second half to an annualized 2 percent." 
Read article at - CBS Money Watch
10-Year US Treasury Yield at 3.84% (stockcharts.com)