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Goldman Sachs raises U.S. Treasury 10-year yield forecast – Metro US

Goldman Sachs raises U.S. Treasury 10-year yield forecast

FILE PHOTO: Goldman Sachs sign is seen above floor of
FILE PHOTO: Goldman Sachs sign is seen above floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York

(Reuters) – Goldman Sachs said on Wednesday it was raising its forecast for the U.S. 10-year Treasury yield to 2.25% by end-2022 and to 2.45% by end-2023.

Goldman’s previous forecast for the end of 2022 was 2% and its previous target for end 2023 was 2.3%.

(Reporting By Sinéad Carew)

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