Goldman Sachs lowers its expectations for US bond yields as the possibility of an early rate cut by the Federal Reserve increases

Golden Finance reported that Goldman Sachs Group lowered its forecast for the yield of US treasury bond bonds, pointing out that the possibility of the Federal Reserve cutting interest rates earlier than previously expected increased. Strategists, including George Cole, wrote in a report on July 3 that they expected the yields of two-year and 10-year US treasury bond bonds to fall to 3.45% and 4.20%, respectively. Previously, the two benchmark yields were expected to be 3.85% and 4.50% at the end of the year, respectively. Prior to this, Goldman Sachs economists this week revised their expectations for the Federal Reserve to cut interest rates within the year. Before the latest forecast from Goldman Sachs' economic team was released, the United States released strong employment data on Thursday, easing pressure on the Federal Reserve. But Goldman Sachs' interest rate strategists were not discouraged by this, pointing out that the significant contribution of government recruitment and the slight decrease in labor force participation rate weakened the strength of the data. (Golden Ten)