Goldman Joins JPMorgan in Slashing U.S. Yield Call to 1.75%
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Goldman Sachs Group Inc. joined JPMorgan Chase & Co. in pulling down its forecasts for U.S. Treasury yields, incorporating expectations for a prolonged hit from the U.S.-China trade war, along with the dovish shift by key central banks.
Goldman’s strategists slashed their year-end 10-year U.S. yield call to 1.75% -- matching JPMorgan’s updated prediction from May 31. That’s down from Goldman’s 2.80% projection reiterated last Sunday. Goldman also cut its yield forecasts for Japan, the euro region and other developed nations.