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Goldman cuts 10-year Treasury yield target for 2019 to 3%

January 8, 2019

Goldman Sachs has rolled back its call for much higher rates in U.S. government bonds in the U.S., though it still expects a gradual climb from the current muted levels in the Treasury market.

In a Tuesday note, Goldman Sachs said they expect the 10-year yield TMUBMUSD10Y, +0.00% to hit 3% by year-end, a 50 basis point cut from their forecast of 3.5%. Since last week, the benchmark bond yield has steadily risen to 2.710% Tuesday, after hitting an 11-month low of 2.553% last Thursday, according to Tradeweb data.

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