Treasury yields are just starting to go higher, says Goldman, seeing the 10-year as high as 3% by year's end (2.69% at the moment) and 4% by 2016. It's a pretty meek forecast for a team that's been so bearish on Treasurys. TrimTabs notes bond market "carnage" poses big risks for corporate America as oft-noted record cash levels are balanced by record debt levels. Bill Gross remains bullish in the face of sizable losses (BOND) and outflows, tweeting over the weekend, "1-2 month performance numbers are a blip on a 40-year performance history. Pimco marches on a long-term path." TLT +0.3% premarket.
Treasury yields are just starting to go higher, says Goldman, seeing the 10-year as high as 3%...
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