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