Goldman Sachs cuts forecast for 10-year yields

  • Sees US Treasuries at 3.10% vs 3.25% in Feb

  • German bunds 0.50% vs 1.00%

  • UK 10s 1.45% vs 2.00%

Those all still represent rates moving higher in the next four months, but not as aggressively as earlier in the year.

Bond bears have been wrong forever.

h/t @reutersjamie