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Goldman Sachs Lowers Expectations for US Treasury Yields Due to Increased Likelihood of Fed Rate Cut
Summary: In breaking news, Goldman Sachs has lowered its forecast for US Treasury yields, citing an increased likelihood of an earlier rate cut by the Federal Reserve than previously expected. Strategists, including George Cole, wrote in a report on July 3 that they expect yields on two-year and ten-year US Treasuries to fall to 3.45% and ...
In breaking news, Goldman Sachs has lowered its forecast for US Treasury yields, citing an increased likelihood of an earlier rate cut by the Federal Reserve than previously expected. Strategists, including George Cole, wrote in a report on July 3 that they expect yields on two-year and ten-year US Treasuries to fall to 3.45% and 4.20%, respectively, by the end of the year, compared to previous forecasts of 3.85% and 4.50%.
Prior to this, Goldman economists revised their expectations for a Fed rate cut later this year. Despite strong job data released by the US on Thursday, easing pressure on the Fed, Goldman's rate strategists remain undeterred, noting that significant government hiring and a slight decrease in labor force participation have weakened the data's impact.
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Link: Goldman Sachs Lowers Expectations for US Treasury Yields Due to Increased Likelihood of Fed Rate Cut [Copy]
