August 22, 2018 / 11:11 AM / a year ago

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

LONDON (Reuters) - Goldman Sachs has lowered its forecast on where U.S. 10-year Treasury yields will end the year to 3.10 pct from 3.25 pct previously.

This is largely down to an expected reduction in the so-called ‘term premium’, the premium investors demand for holding a bond beyond interest rate and inflation expectations over a period of time, Goldman analysts said in a note on Wednesday.

“However, the direction of travel is still higher yields across the G10 (countries),” they added.

The yield on 10-year Treasuries was at 2.83 percent on Wednesday.

Reporting by Abhinav Ramnarayan; Editing by Jamie McGeever

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