Goldman Sachs: If interest rate cut dream shattered, short-term US bond yields may face rebound risk

BlockBeats News: On May 12th, Goldman Sachs economists stated in a report that their fundamental assessment of the US economy still supports the core view that "short-term US bond yields will decline and the yield curve will eventually become steeper. However, if there is a lack of concrete economic data to support the Federal Reserve's expectation of interest rate cuts, the market's pricing for rate cuts may continue to weaken in the short term. If, in the current situation where inflation remains high and economic data is not bad enough for the Federal Reserve to cut interest rates, market confidence in the room for rate cuts gradually diminishes, then as government debt continues to accumulate, term premiums may face greater upward pressure, which in turn will have an upward effect on yields