Goldman Sachs strategists, including Kamakshya Trivedi, say U.S. Treasures are
cheaply valued and yields remain attractive; they forecast the 10-year UST yield
will fall to 4.6% by end-2027 as Treasurers' hedge appeal rises and inflation
moderates, below prevailing market expectations. The team cautions recent yield
gains are creating market stress, indicating the current high yield level may be
difficult to sustain.
