Goldman Sachs raises its forecast for year-end US Treasury yields.

Goldman Sachs interest rate strategists have raised their forecast for year-end US Treasury yields. Goldman's George Cole and William Marshall, among other strategists, wrote in a report on Friday, "The baseline scenario of a Fed rate cut is now delayed and the pace has slowed, while the balancing act between economic growth and inflation remains challenging. Taking into account broader fiscal trends, all of these factors support our upward revision of our expectations for US Treasury yields." Goldman Sachs now predicts that the two-year US Treasury yield will be 3.90% at the end of 2025, while the 10-year US Treasury yield will be 4.50% at the end of 2025.