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Its finger raised to the wind, Goldman sharply cuts its forecast for the high yield on the...

  • Thursday, May 31, 2012, 3:50 PM ET
    Its finger raised to the wind, Goldman sharply cuts its forecast for the high yield on the 10-year Treasury to 2% from 2.5% this year and to 2.5% from 3.25% in 2013. It's a nice bookend to the firm's famous March recommendation of a big shift out of bonds and into equities, timing beautifully the bottom in Treasurys/top in stocks this year.
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This news story has 7 comments:

  •  
    I'd bet they didn't lose money on their call! (classic tell the streets one thing and do another - nice widening of the credibility gap)
    31 May 2012, 03:53 PM Reply Like
  •  
    I was exactly under the same impression :)
    31 May 2012, 04:44 PM Reply Like
  •  
    A coin flip will do just as well, and you save the time you'd spend on reading a Goldman press release.
    31 May 2012, 03:56 PM Reply Like
  •  
    Was that a horse I just saw running out of the barn? hoisingtonmgt.com has nailed the rate curve the last few years.
    31 May 2012, 04:00 PM Reply Like
  •  
    Goldman....who?? Are they still considered relevant??
    31 May 2012, 04:03 PM Reply Like
  •  
    "Its finger raised to the wind, Goldman sharply cuts its forecast for the high yield on the 10-year Treasury to 2%".

    Do you happen to notice if the finger was a middle finger, perhaps actually aimed at the Muppets who trade on this speculation-du-jour?
    31 May 2012, 04:19 PM Reply Like
  •  
    Well I guess the top is in for Treasuries. Goldman Sachs is the ultimate contrarian indicator.
    31 May 2012, 06:01 PM Reply Like
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