Goldman Sachs: Short-term US Treasury Yields May Face Rebound Risk if Rate Cut Hopes Are Dashed
According to a report by Jinse Finance, Goldman Sachs economists pointed out that their fundamental assessment of the U.S. economy still supports the core view that "short-term U.S. Treasury yields will decline, and the yield curve will eventually steepen." However, in the absence of solid economic data to support the Federal Reserve's rate cut expectations, market pricing for rate cuts may continue to weaken in the short term. "If, in the current situation of persistently high inflation and economic data not yet poor enough to prompt a Federal Reserve rate cut, market confidence in the room for rate cuts gradually fades, then as government debt continues to accumulate, term premiums may face greater upward pressure, thereby exerting an upward effect on yields."
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