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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.
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Comments (7)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    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
  • butsyk
    , contributor
    Comments (5) | Send Message
     
    I was exactly under the same impression :)
    31 May 2012, 04:44 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    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
  • buyitcheap
    , contributor
    Comments (1901) | Send Message
     
    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
  • freigog
    , contributor
    Comments (3) | Send Message
     
    Goldman....who?? Are they still considered relevant??
    31 May 2012, 04:03 PM Reply Like
  • Placebo Investment Advice
    , contributor
    Comments (3630) | Send Message
     
    "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
  • Rubenov
    , contributor
    Comments (440) | Send Message
     
    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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