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G Sachs Chops US Treasury Yield Forecast, Expects 10-Yr Yield to Hit 4.2% by Yr-End
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Seeing that the Fed is more likely to cut interest rates earlier than previously anticipated, Goldman Sachs has lowered its US Treasury yield forecasts. The year-end forecast for the 2-year Treasury yield has now been revised down from 3.85% to 3.45%, while the 10-year Treasury yield forecast has been cut from 4.5% to 4.2%. Goldman Sachs currently expects the Fed to cut rates in September, October, and December, compared to its previous forecast of just one rate cut at the end of the year. AAStocks Financial News |
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