Goldman Sachs strategists, including Kamakshya Trivedi, say U.S. Treasuries are cheaply valued and yields remain attractive; they forecast the 10-year UST yield will fall to 4.6% by end-2027 as Treasuries' 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.

2026-11-13

Goldman Sachs strategists, including Kamakshya Trivedi, say U.S. Treasuries are cheaply valued and yields remain attractive; they forecast the 10-year UST yield will fall to 4.6% by end-2027 as Treasuries' 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.