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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.
Comments (7)
  • 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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