Goldman Sachs cuts 10-year US Treasury yields forecast to 1.6% by end-2021 – Reuters

Dhwani Mehta FXStreet

Analysts at Goldman Sachs slashed its 2021 forecast for US Treasury yields, expecting the 10-year rates at 1.6% instead of a previous expectation of 1.9%, per Reuters.

Key quotes

“It had trimmed its forecast for German 10-year Bund yields to minus 0.15% from the previous 0% estimate.”

"Concerns currently weighing on yields should fade in the months ahead, allowing for some normalization in yields amid continued slack absorption, although it may take some time for markets to revisit our prior forecasts given the coming deceleration in growth and inflation."

Forex Today: Gold stabilizes after sudden slide, dollar pauses in the NFP’s aftermath, stimulus news eyed

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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